RNS Number:5862R
City Mortgage Receivables 1 PLC
15 February 2002

Letter to Company Announcements Office:

As Agent Bank, please be advised of the following rate determined 
on : 15-Feb-2002
 
Issue          :  City Mortgage Receivables 1 Plc
                  £32,010,000 Mortgage-Backed FRN 2023
ISIN Number    :  XS0062055693
Issue Nomin GBP:  32,010,000.00 
Period         :  15-Feb-2002 to 15-Mar-2002  Payment Date 15-Mar-2002
Number of Days :  28
Rate           :  4.26266              Pool Factor:    0.17464956
Denomination GB:  5,590,532.36 
Amount Payable 
per Denomination: 18,280.96

From:
  
Institutional                       Telephone 44 (0) 1202 34 1286
Trust Services                      Facsimile 44 (0) 1202 34 7438


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