RNS Number:2398N
Non Conforming Mortgages 1 PLC
15 November 2001

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

Issue             :  NON CONFORMING MORTGAGE 1 PLC - CLASS B
                     #3,300,000,000 MORTGAGE BACKED FRN DUE 2037
                     
ISIN NO           :  XS0096558241
Issue Nominal GBP :  3,300,000.00
Period            :  15-NOV-2001  To  17-DEC-2001    Payment Date  17-DEC-2001 
Number of Days    :  32
Rate              :  6.67844
Denomination  GB  :  10,000.00   10,000.00
Amount Payable
Per Denomination  :  58.55

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