RNS Number:1096T
City Mortgage Receivables 1 PLC
15 March 2002

As Agent Bank, please be advised of the following rate determined on: 
15-MAR-2002.

Issue             :  CITY MORTGAGE RECEIVABLES 1 PLC
                     £32,010,000 MORTGAGE BACKED FRN 2023
ISIN NO           :  XS0062055693
Issue Nominal GBP :  32,010,000.00
Period            :  15-MAR-2002  To  15-APR-2002    Payment Date  15-APR-2002 
Number of Days    :  31
Rate              :  4.39914     POOL FACTOR: 0.17248653
Denomination GB   :  5,521,293.79
Amount Payable
Per Denomination  :  20,628.97

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



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