FRN Variable Rate Fix

RNS Number:2646B
Originated Mortgage Loans 7 PLC
17 September 2002

As Agent Bank, please be advised of the following rate determined on: 
16-SEP-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            :  16-SEP-2002  To  15-OCT-2002    Payment Date  15-OCT-2002
Number of Days    :  29
Rate              :  6.835
Denomination GB   :  7,500,000.00    10,000.00
Amount Payable
Per Denomination  :  40,729.11


As Agent Bank, please be advised of the following rate determined on: 
16-SEP-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            :  16-SEP-2002  To  15-OCT-2002    Payment Date  15-OCT-2002
Number of Days    :  29
Rate              :  5.285
Denomination GB   :  22,500,000.00    10,000.00
Amount Payable
Per Denomination  :  94,478.42


As Agent Bank, please be advised of the following rate determined on: 
16-SEP-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            :  16-SEP-2002  To  15-OCT-2002    Payment Date  15-OCT-2002
Number of Days    :  29
Rate              :  0.1747945205     POOL FACTOR: 0.3948642
Denomination GB   :  86,870,131.21    10,000.00
Amount Payable
Per Denomination  :  151,844.22


As Agent Bank, please be advised of the following rate determined on: 
16-SEP-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            :  16-SEP-2002  To  15-OCT-2002    Payment Date  15-OCT-2002
Number of Days    :  29
Rate              :  4.405        POOL FACTOR: 0.3948642
Denomination GB   :  86,870,131.21    10,000.00
Amount Payable
Per Denomination  :  304,033.56

From:
Institutional    Telephone [phone]
Trust Services   Facsimile 44 (0) 1202 34 7438


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