RNS Number:8402V
Silver No.1 PLC
13 May 2002


RE: SILVER NO.1 PLC
EUR 157,000,000 Class A1B Mortgage Backed Floating Rate Notes due 2027
ISIN:  XS0127264900

Please be advised that the EUR Deposit Rate has been determined as:  3.34300%
For the period:     15-May-02  to 17-Jun-02

                      Beginning Principal
Class                    Outstanding       All-in-Rate      Days   Interest Due  Factor per 1,000 


EUR 157m Class A1B    95,452,990.68         3.82300%         33      334,507.05    2.13062

The next payment date will be on:
17-Jun-02


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

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