RNS Number:0297A
Silver No.1 PLC
15 August 2002



RE: SILVER NO.1 PLC 

EUR 157,000,000 Class A1B Mortgage Backed Floating Rate Notes due 2027  
ISIN: XS0127264900

**RESENDING WITH PRINCIPAL REPAYMENT AMOUNT**  AMENDMENT TO PAYMENT DATE

Please be advised that the EUR Deposit Interpolation Rate has been determined 
as: 3.36100% 
 
For the period:    15-Jul-02    to    16-Aug-02 

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

EUR 157m Class A1B   92,277,002.57  3.84100%      32     315,054.19    2.00671  
 
Principal Amount    Current Pool   
  Amortising           Factor         New Pool Factor

  Class A1B:
10,734,054.20     0.58775160872612    0.51938183675159


The next payment date will be on: 
16-Aug-02 


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

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