RNS Number:5628U
City Mortgage Receivables 1 PLC
15 April 2002



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


Issue             :  CITY MORTGAGE RECEIVABLES 1 PLC
                     £32,010,000 MORTGAGE-BACKED FRN 2023 
ISIN Number       :  XS0062055693
Issue Nominal GBP :  32,010,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  4.28734          Pool Factor: 0.17012272
Denomination GBP  :  5,445,628.21
Amount Payable
Per Denomination  :  19,189.53

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



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