CITY MORTGAGE RECEIVABLES 1 PLC


As Agent Bank, please be advised of the following rate determined on:15-Dec-2006
Issue               : City Mortgage Receivables 1 Plc
                      �32,010,000 Mortgage-Backed FRN 2023
ISIN Number         : XS0062055693
Common Code /         62055693
144A ISIN
Issue Nomin     GBP : 32,010,000.00
Period              : 15-Dec-2006 to 15-Jan-2007  Payment Date 15-Jan-2007
Number of Days      : 31
Rate                : 5.89547           Pool Factor:  0.04207330
Denomination    GB  : 1,346,766.44
Amount Payable
per Denomination    : 6,743.41

Institutional       Telephone   44(0) 1202 32 6660
Trust Services      Facsimile   44(0) 1202 34 7939



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