CITY MORTGAGE RECEIVABLES 1 PLC




As Agent Bank, please be advised of the following rate determined on: 16-Apr-2007

Issue               : City Mortgage Receivables 1 Plc
                      GBP 32,010,000.00 Mortgage-Backed FRN 2023
ISIN Number         : XS0062055693
Common Code/        : 62055693
144A ISIN
Issue Nomin     GBP : 32,010,000.00
Period              : 16-Apr-2007 to 15-May-2007          Payment Date 15-May-2007
Number of Days      : 29
Rate                : 6.05719                     Pool Factor:    0.03575092
Denomination GBP    : 1,144,386.85

Amount Payable
per Denomination    : 5,507.43

JPMorgan Chase Bank
Rate Fix Desk                           Telephone 44 (0) 1202 32 8226
Institutional Trust Services           Facsimille 44 (0) 1202 34 7939



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