RNS Number:8593O
Non Conforming Mortgages 1 PLC
18 December 2001


As Agent Bank, please be advised of the following rate determined on: 
17-Dec-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            :  17-Dec-2001  To  15-Jan-2002    Payment Date  15-Jan-2002 
Number of Days    :  29
Rate              :  5.34641
Denomination GB   :  10,000.00      10,000.00
Amount Payable
Per Denomination  :  42.48

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


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