RNS Number:0448A
Silver No.1 PLC
15 August 2002


RE: SILVER N0.1 PLC        AMENDMENT TO RATE

EUR 157,000,000 Class A1B Mortgage Backed Floating Rate Notes due 2027
ISIN: XS0127264900
 
Please be advised that the EUR Deposit Rate has been determined as:  3.32500%
For the period:      16-Aug-02    to 16-Sep-02
 
Class              Beginning Principal                                 Factor
                     Outstanding       All-in-Rate  Days Interest Due  per 1,000
EUR 157m Class A1B   81,542,948.37      3.80500%     31    267,177.74  1.70177

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


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

END

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