RNS Number:5813A
Non Conforming Mortgages 1 PLC
15 March 2001


Letters To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-03-2001.

Issue             :  NON CONFORMING MORTGAGES 1 PLC - CLASS A
                     #56,400,000 MORTGAGE BACKED FRN DUE 2037

ISIN NO           :  XS0096552392

Issue Nominal GBP :  56,400,000.00
Period            :  15-03-2001  To  17-04-2001    Payment Date  17-04-2001
Number of Days    :  33
Rate              :  5.93891                       Pool Factor: 0.3953
Denomination GBP  :  3,953.00
Amount Payable
Per Denomination  :  21.23


As Agent Bank, please be advised of the following rate determined on the
15-03-2001.

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            :  15-03-2001  To  17-04-2001    Payment Date  17-04-2001
Number of Days    :  33
Rate              :  6.83891  
Denomination GBP  :  10,000.00     10,000.00
Amount Payable
Per Denomination  :  61.83


As Agent Bank, please be advised of the following rate determined on the
15-03-2001.

Issue             :  NON CONFORMING MORTGAGES 1 PLC - CLASS B
                     #3,300,000 MORTGAGE BACKED FRN DUE 2037

ISIN NO           :  XS0096558241

Issue Nominal GBP :  3,300,000.00
Period            :  15-03-2001  To  17-04-2001    Payment Date  17-04-2001
Number of Days    :  33
Rate              :  8.28891  
Denomination GBP  :  10,000.00     10,000.00
Amount Payable
Per Denomination  :  74.94

From:
Steven Coutts                        Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7438


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