97NP Non C.m.1 A Frn

RNS Number:0747O
Non Conforming Mortgages 1 PLC
3 December 2001


As Agent Bank, please be advised of the following rate determined on: 
15-NOV-2001.

Issue             :  NON CONFORMING MORTGAGES 1 PLC - CLASS M  
                     #6,300,000 MORTGAGE BACKED FRN DUE 2037
ISIN NO           :  XS0096557276
Issue Nominal GBP :  6,300,000.00
Period            :  15-NOV-2001  To  17-DEC-2001    Payment Date  17-DEC-2001 
Number of Days    :  32
Rate              :  *5.22844*
Denomination GBP  :  10,000.000     10,000.00
Amount Payable
Per Denomination  :  *45.84*

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

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