RNS Number:8920D
Preferred Residential Secs 3 PLC
15 November 2002

To:  RNS

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

Issue                 :  Preferred Residential Securities 3 Plc - Class M
                         GBP11,500,000.00 Mortgage Backed FRN due 2033
ISIN                  :  XS0123850058
Issue Nomin GBP       :  11,500,000.00
Period                :  15-Nov-2002 to 16-Dec-2002    Payment Date 16-Dec-2002
Number of Days        :  31
Rate                  :  5.28742
Denomination GB       :  10,000.00
Amount Payable        :  44.91
per Denomination

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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