RNS Number:1966F
City Mortgage Receivables 1 PLC
16 December 2002


As Agent Bank, please be advised of the following rate determined on:   
16-DEC-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            :  16-DEC-2002  To  15-JAN-2003    Payment Date  15-JAN-2003   
Number of Days    :  30
Rate              :  4.33375               Pool Factor: 0.13440131  
Denomination GBP :   4,302,185.81 
Amount Payable
Per Denomination  :  15,324.33

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 

RC UNONRUVRUAAA

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