RNS Number:5882F
Maple Mortgage Securities No.1
24 November 2004

LETTER TO:  RNS
            23 November 2004

MAPLE MORTGAGE SECURITIES NO 1 PLC

#93 MILLION CLASS A2 NOTES

MULTI-CLASS MORTGAGE BACKED FLOATING RATE NOTES DUE 2030

Please accept this letter as confirmation that, with respect to the above, there
will be a principal repayment of #1817.00 per #100,000 A2 Note, pursuant to
Clause (5b) of the Notes, on the interest payment date of 30 November 2004.

The principal amount outstanding at the latter date will be #7059.00 per Note.

Please note that The Mortgage Works (UK) plc acts as Administrator for the above
mortgage pool.

From:  Bill Jolly (The Mortgage Works)

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

END
RC USVRRSVRAUAA
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