RNS Number:6132C
City Mortgage Receivables 1 PLC
17 October 2002


LETTER TO:  RNS

As Agent Bank, please be advised of the following rate determined on: 
15-OCT-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            :  15-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  4.30492            Pool Factor:  0.14045329
Denomination GBP  :  4,495,909.72
Amount Payable
Per Denomination  :  16,438.10

From:  JP Morgan


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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