RNS Number:1885C
Non Conforming Mortgages 1 PLC
17 April 2001

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on 
17-APR-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-APR-2001  To  15-MAY-2001 Payment Date  15-MAY-2001
Number of Days    : 28 
Rate              : 8.18688
Denomination GBP  : 10,000.00     10,000.00 
Amount Payable
Per Denomination  : 62.80

From:
Steven Coutts                        Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7438



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