95PB Mortgage 1 A

RNS Number:0957G
Mortgages No 1 PLC
13 January 2003


As Agent Bank, please be advised of the following rate determined on: 
13-Jan-2003.

Issue             :  Mortgages No.1 plc - Class M
                     #10,500,000 Mortgage Backed FRN due April 2033
ISIN Number       :  XS0111091525
Issue Nominal GBP :  10,500,000.00
Period            :  13-Jan-2003  To  14-Apr-2003    Payment Date  14-Apr-2003
Number of Days    :  91
Rate              :  5.39625 
Denomination GBP  :  10,000.00      100,000.00
Amount Payable
Per Denomination  :  134.54

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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