RNS Number:7831D
Silver No.1 PLC
13 November 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 Rate has been determined as: 3.31200%  
  
For the period:  15-Oct-02    to    15-Nov-02 

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

EUR 157m Class A1B  74,312,644.85    3.79200%     31    242,655.56      1.54558 


Principal Amount    Current Pool    
   Amortising          Factor         New Pool Factor 

  Class A1B:

 10,705,748.96     0.47332894808917    0.40513946426752

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



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