RNS Number:9297D
City Mortgage Receivables 1 PLC
18 November 2002



As Agent Bank, please be advised of the following rate determined on: 
15-NOV-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-NOV-2002  To  16-DEC-2002    Payment Date  16-DEC-2002 
Number of Days    :  31
Rate              : *4.27047*                        Pool Factor: 0.13849347
Denomination GBP :   4,433,176.08
Amount Payable
Per Denomination  :  16,079.02

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


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

END

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