RNS Number:0105O
Non Conforming Mortgages 1 PLC
17 July 2000


To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
17-Jul-2000.

Issue:            Non Conforming Mortgages 1 PLC - Class M
                  #6,300,000 Mortgage Backed FRN due 2037
ISIN NO:          XS0096557278               
Issue Nominal GBP:6,300,000.00
Period:           17-Jul-2000    To   15-Aug-2000   Payment Date 15-Aug-2000
Number of Days:   29
Rate:             7.35375                       
Denomination GBP: 10,000.00     10,000.00
Amount Payable    58.27
Per Denomination:

From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7939
Non C.m.1 A Frn (LSE:97NP)
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Non C.m.1 A Frn (LSE:97NP)
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