RNS Number:8931D
Originated Mortgage Loans 1 PLC
15 November 2002

To:  RNS

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

Issue                 :  Originated Mortgage Loans 1 Plc Class M1
                         #20,000,000 Mortgage Backed FRN due 2029
ISIN                  :  XS0088533475
Issue Nomin GBP       :  20,000,000.00
Period                :  15-Nov-2002 to 16-Dec-2002    Payment Date 16-Dec-2002
Number of Days        :  31
Rate                  :  4.4025                 Pool Factor:  0.655099
Denomination GB       :  13,101,971.48
Amount Payable        :  48,989.71
per Denomination

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




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