RNS Number:6879D
Non Conforming Mortgages 1 PLC
15 May 2001


As Agent Bank, please be advised of the following rate determined on the
15-May-2001.

Issue             :  NON CONFORMING MORTGAGES 1 PLC - CLASS A
                     MORTGAGE BACKED FRN DETACHABLE COUPONS 
ISIN NO           :  XS0096552715
Issue Nominal GBP :  58,400,000.00
Period            :  15-MAY-2001  To  15-JUN-2001    Payment Date  15-JUN-2001
Number of Days    :  31
Rate              :  0.16986301369       Pool Factor:  0.3472
Denomination GBP  :  3,472.00
Amount Payable
Per Denomination  :  5.90

From:
Steven Coutts                  Telephone 44 (0) 1202 34 1286
Institutional Trust Services   Facsimile 44 (0) 1202 34 7438



Non C.m.1 A Frn (LSE:97NP)
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