RNS Number:5501E
Platform Home Loans (No1) Plc
2 December 2002


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

Issue             :  PLATFORM HOME LOANS NO.1 PLC - CLASS M
                     #22,000,000 MORTGAGE BACKED FRN DUE DEC 2031
ISIN Number       :  XS0104330377
Issue Nominal GBP :  22,000,000.00
Period            :  02-DEC-2002  To  03-MAR-2003    Payment Date  03-MAR-2003
Number of Days    :  91
Rate              :  5.64141   
Denomination GBP  :  100,000.00     10,000.00
Amount Payable
Per Denomination  :  1,406.49       140.65

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


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

END

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