RNS Number:2432B
Non Conforming Mortgages 1 PLC
16 September 2002



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

Issue             :  NON CONFORMING MORTGAGES 1 PLC - CLASS A
                     #56,400,000 MORTGAGE BACKED FRN DUE 2037
ISIN Number       :  XS0096552392
Issue Nominal GBP :  56,400,000.00
Period            :  16-SEP-2002  To  15-OCT-2002    Payment Date  15-OCT-2002 
Number of Days    :  29
Rate              :  4.385               Pool Factor: 0.0958
Denomination GBP  :  958.00
Amount Payable
Per Denomination  :  3.34

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


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            The company news service from the London Stock Exchange

END

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