RNS Number:3690H
Silver No.1 PLC
11 February 2003

RE: SILVER N0.1 PLC 

GBP 100,000,000 Class A1A Mortgage Backed Floating
Rate Notes due 2027                                       ISIN: XS0127219433
GBP 23,500,000 Class M Mortgage Backed Floating Rate
Notes due 2027                                            ISIN: XS0127268059
GBP 19,500,000 Class B Mortgage Backed Floating Rate
Notes due 2027                                            ISIN: XS0127268216
GBP 12,500,000 Class C Mortgage Backed Floating Rate
Notes due 2027                                            ISIN: XS0127268646
GBP 8,000,000 Class D Mortgage Backed Floating Rate
Notes due 2027                                            ISIN: XS0127268992
 

** RESENDING WITH PRINCIPAL REPAYMENT AMOUNT**


Please be advised that the GBP Deposit Rate has been determined as:  4.02625% 
For the period: 15-Jan-03 to l7-Feb-03 

                                                                              
Class     Beginning     
          Principal
                          All-in-Rate    Days    Interest Due  Factor per 1,000                                         
                    
GBP 100m 37,882,791.73       4.52625%     33      155,024.95       1.55025   
Class                                                                       
A1A                                                                         

GBP      23,500,000.00       4.67625%     33       99,354.30       4.22784   
23.5m                                                                       
Class M
                                                                     
GBP      19,500,000.00       5.52625%     33       97,428.54       4.99634   
19.5m                                                                       
Class B
                                                                     
GBP      12,500,000.00       6.52625%     33       73,755.57       5.90045   
12.5m                                                                       
Class C
                                                                     
GBP 8m    8,000,000.00      10.02625%     33       72,518.63       9.06483   
Class D                                                                     


Principal Amount     Class A1A Current     Class A1A New Pool
Class A1A:
3,623,090.74          0.378827917300        0.342597009900


The next payment date will be on: 
17-Feb-03

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

END

RC ILFITFTILLIV