FRN Variable Rate Fix

RNS Number:9945V
Originated Mortgage Loans 7 PLC
15 May 2002

LETTER TO:  RNS

As Agent Bank, please be advised of the following rate determined on: 
15-May-2002.

Issue             : Originated Mortgage Loans 7 Plc - Class A 
                    £220,000,000 Mortgage Backed FRN due 15/11/32

ISIN Number       : XS0120525612

Issue Nominal GBP : 220,000,000.00 
Period            : 15-May-2002  to  17-Jun-2002    Payment Date  17-Jun-2002 
Number of Days    : 33 
Rate              : 4.43695             Pool Factor: 0.51028442
Denomination GBP  : 112,262,571.97    10,000.00 
Amount Payable
Per Denomination  : 450,340.08 



As Agent Bank, please be advised of the following rate determined on: 
15-May-2002.

Issue             : Originated Mortgage Loans 7 Plc - Class A detachable 
                    £220,000,000 Mortgage Backed FRN due 15/11/32

ISIN Number       : XS0120526180

Issue Nominal GBP : 220,000,000.00 
Period            : 15-May-2002  to  17-Jun-2002    Payment Date  17-Jun-2002 
Number of Days    : 33 
Rate              : 0.19890410958         Pool Factor: 0.51028442
Denomination GBP  : 112,262,571.97    10,000.00  
Amount Payable
Per Denomination  : 223,294.87 



As Agent Bank, please be advised of the following rate determined on: 
15-May-2002.

Issue             : Originated Mortgage Loans 7 Plc - Class S
                    £3,900,000 Mortgage Backed FRN due 15/11/32 

ISIN Number       : XS0120528715

Issue Nominal GBP : 3,900,000.00 
Period            : 15-May-2002  to  17-Jun-2002    Payment Date  17-Jun-2002 
Number of Days    : 33  
Rate              : 8.01695           Pool Factor: 0.11078207
Denomination GBP  : 432,050.08     10,000.00 
Amount Payable
Per Denomination  : 3,131.59  



As Agent Bank, please be advised of the following rate determined on: 
15-May-2002.

Issue             : Originated Mortgage Loans 7 Plc - Class B
                    £7,500,000 Mortgage Backed FRN due 15/11/32 

ISIN Number       : XS0120527154

Issue Nominal GBP : 7,500,000.00  
Period            : 15-May-2002  to  17-Jun-2002    Payment Date  17-Jun-2002 
Number of Days    : 33 
Rate              : 6.86695                  
Denomination GBP  : 7,500,000.00    10,000.00 
Amount Payable
Per Denomination  : 46,563.37 



As Agent Bank, please be advised of the following rate determined on: 
15-May-2002.

Issue             : Originated Mortgage Loans 7 Plc - Class M 
                    £22,500,000 Mortgage Backed FRN due 15/11/32   

ISIN Number       : XS0120526776

Issue Nominal GBP : 22,500,000.00  
Period            : 15-May-2002  to  17-Jun-2002    Payment Date  17-Jun-2002 
Number of Days    : 33 
Rate              : 5.31695
Denomination GBP  : 22,500,000.00     10,000.00 
Amount Payable
Per Denomination  : 108,159.87 

From:  JP Morgan

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