RNS Number:6801L
Non Conforming Mortgages 1 PLC
16 October 2001


As Agent Bank, please be advised of the following rate determined on: 
15-OCT-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-OCT-2001  To  15-NOV-2001    Payment Date  15-NOV-2001 
Number of Days    : 31 
Rate              : 5.80625
Denomination GBP  : 10,000.00        10,000.00 
Amount Payable
Per Denomination  : 49.31 


As Agent Bank, please be advised of the following rate determined on: 
15-OCT-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-OCT-2001  To  15-NOV-2001    Payment Date  15-NOV-2001 
Number of Days    : 31 
Rate              : 7.25625
Denomination GBP  : 10,000.00        10,000.00 
Amount Payable
Per Denomination  : 61.63 


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


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