RNS Number:1132B
Silver No.1 PLC
12 September 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**  

Please be advised that the EUR Deposit Interpolation Rate has been determined 
as: 3.32500% 
 
For the period:  16-Aug-02    to    16-Sep-02 

                     Beginning                                        Interest                
                     Principal                                        Factor
Class                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  
 

Principal Amount    Current Pool   
  Amortising          Factor         New Pool Factor

  Class A1B:
3,066,359.39     0.51938183675159    0.49985088522293


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

RC BSGDCLUBGGDD

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