CITY MORTGAGE RECEIVABLES 1 PLC


As Agent Bank, please be advised of the following rate determined on:15-May-2007
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-May-2007 to 15-Jun-2007  Payment Date 15-Jun-2007
Number of Days      : 31
Rate                : 6.29281      Pool Factor : 0.03554031
Denomination    GB  : 1,137,645.33
Amount Payable
per Denomination    : 6,080.23

Rate Fix Desk                     Telephone   44(0) 1202 689580
Institutional Trust Services      Facsimile   44(0) 1202 689601



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