RNS Number:5883R
Non Conforming Mortgages 1 PLC
15 February 2002


As Agent Bank, please be advised of the following rate determined on: 
15-FEB-2002.

Issue             :  NON CONFORMING MORTGAGES 1 PLC - CLASS A
                     MORTGAGE BACKED FRN DETACHABLE COUPONS
                     
ISIN NO           :  XS0096552715
Issue Nominal GBP :  56,400,000.00
Period            :  15-FEB-2002  To  15-MAR-2002    Payment Date  15-MAR-2002 
Number of Days    :  28
Rate              :  0.15342465753                Pool Factor:   0.1901
Denomination GBP  :  1,901.00
Amount Payable
Per Denomination  :  2.92

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




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