RNS Number:6064I
Non Conforming Mortgages 1 PLC
16 August 2001


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

Issue             :  NON-CONFORMING MORTGAGES 1 PLC - CLASS A
                     #56,400,000 MORTGAGE BACKED FRN DUE 2037
ISIN NO           :  XS0096552392
Issue Nominal GBP :  56,400,000.00
Period            :  15-AUG-2001  To  17-SEP-2001    Payment Date  17-SEP-2001
Number of Days    :  33
Rate              :  5.33094          Pool Factor: 0.2894
Denomination GBP  :  2,894.00
Amount Payable
Per Denomination  :  13.95

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



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