RNS Number:8595O
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 B
                     #3,300,000 MORTGAGE BACKED FRN DUE 2037  
ISIN NO           :  XS0096558241
Issue Nominal GBP :  3,300,000.00
Period            :  17-DEC-2001  To  15-JAN-2002    Payment Date  15-JAN-2002 
Number of Days    :  29
Rate              :  6.79641
Denomination GBP  :  10,000.00        10,000.00
Amount Payable
Per Denomination  :  54.00

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


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