RNS Number:1305B
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

Please be advised that the EUR Deposit Rate has been determined as:  3.31300%
For the period:     16-Sep-02 to 15-Oct-02

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

EUR 157m Class A1B    78,476,588.98        3.79300%     29     239,783.04       1.52728

The next payment date will be on:
15-Oct-02

Please contact Michela Sperandio on 0207 964 6408 if you have any queries.



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

END

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