RNS Number:0495A
Preferred Residential Secs 3 PLC
15 August 2002



As Agent Bank, please be advised of the following rate determined on: 
15-AUG-2002.

Issue             :  PREFERRED RESIDENTIAL SECURITIES 3 PLC - CLASS A
                     GBP113,500,000 MORTGAGE BACKED FRN DUE 2033
ISIN Number       :  XS0123849712
Issue Nominal GBP :  113,500,000.00
Period            :  15-AUG-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  92
Rate              :  4.42375             Pool Factor:  0.5811
Denomination GBP  :  5,811.00
Amount Payable
Per Denomination  :  64.79

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





As Agent Bank, please be advised of the following rate determined on: 
15-AUG-2002.

Issue             :  PREFERRED RESIDENTIAL SECURITIES 3 PLC - CLASS M
                     GBP11,500,000 MORTGAGE BACKED FRN DUE 2033
ISIN Number       :  XS0123850058
Issue Nominal GBP :  11,500,000.00
Period            :  15-AUG-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  92
Rate              :  5.28375
Denomination GBP  :  10,000.00
Amount Payable
Per Denomination  :  133.18

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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