RNS Number:1305B
Silver No.1 PLC
12 September 2002

RE: SILVER NO.1 PLC

EUR 157,000,000 CLASS A1B MORTGAGE BACKED FLOATING RATE NOTES DUE 2027
ISIN: XS0127264900

Please be advised that the EUR Deposit Rate has been determined as:  3.31300%
For the period:     16-Sep-02 to 15-Oct-02

                   Beginning Principal
Class                  Outstanding       All-in-Rate   Days   Interest Due  Factor per 1,000

EUR 157m Class A1B    78,476,588.98        3.79300%     29     239,783.04       1.52728

The next payment date will be on:
15-Oct-02

Please contact Michela Sperandio on 0207 964 6408 if you have any queries.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

RC BRGDCSBBGGDD

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