RNS Number:9294N
Residential Mortgage Secs 16 PLC
22 June 2005


Residential Mortgage Securities 16 plc - Formal Notice for Specialist Securities

Residential Mortgage Securities 16 plc announces that a reserve fund drawing of 
#510,000, equating to 1.9% of the fund, has occurred based on the quarterly 
performance of the underlying portfolio during the quarter ended 31 May 2005.

For further information please contact:

Mark Wilten          020 7297 7800
Steven Colsell       020 7297 7854


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