RNS Number:3702X
City Mortgage Receivables 1 PLC
17 June 2002



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

Issue             :  CITY MORTGAGE RECEIVABLES 1 PLC 
                     £32,010,000 MORTGAGE BACKED FRN 2023
ISIN Number       :  XS0062055693
Issue Nominal GBP :  32,010,000.00 
Period            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  4.29602               Pool Factor: 0.16500084
Denomination GBP  :  5,281,676.72
Amount Payable
Per Denomination  :  17,406.17

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



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