RNS Number:5587I
Non Conforming Mortgages 1 PLC
15 August 2001


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

Issue             :  NON-CONFORMING MORTGAGES 1 PLC - CLASS M
                     #6,300,000 MORTGAGE BACKED FRN DUE 2037
ISIN NO           :  XS0096557276
Issue Nominal GBP :  6,300,000.00
Period            :  15-AUG-2001  To  17-SEP-2001    Payment Date  17-SEP-2001
Number of Days    :  33
Rate              :  6.23094
Denomination GBP  :  10,000.00     10,000.00
Amount Payable
Per Denomination  :  56.33 

From:
Alison Clayton                 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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