FRN Variable Rate Fix

RNS Number:5272C
Originated Mortgage Loans 7 PLC
15 October 2002



As Agent Bank, please be advised of the following rate determined on: 
15-OCT-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-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  6.8375
Denomination GB   :  7,500,000.00      10,000.00
Amount Payable
Per Denomination  :  43,553.94



As Agent Bank, please be advised of the following rate determined on: 
15-OCT-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-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  5.2875
Denomination GB   :  22,500,000.00      10,000.00
Amount Payable
Per Denomination  :  101,041.95



As Agent Bank, please be advised of the following rate determined on: 
15-OCT-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-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  0.18684931506         Pool Factor: 0.37458278
Denomination GB   :  82,408,211.13         10,000.00
Amount Payable
Per Denomination  :  153,979.18



As Agent Bank, please be advised of the following rate determined on: 
15-OCT-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-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  4.4075               Pool Factor: 0.37458278
Denomination GBP  :  82,408,211.13        10,000.00
Amount Payable
Per Denomination  :  308,483.29

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



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