RNS Number:2236G
City Mortgage Receivables 1 PLC
15 January 2003


As Agent Bank, please be advised of the following rate determined on: 
15-Jan-2003.

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-Jan-2003  To  17-Feb-2003    Payment Date  17-Feb-2003
Number of Days    :  33
Rate              :  4.34258                  Pool Factor:   0.12983041
Denomination GBP  :  4,155,871.34
Amount Payable       
Per Denomination  :  16,316.65

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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