RNS Number:2846S
Platform Home Loans (No1) Plc
1 March 2002

                           
As Agent Bank, please be advised of the following rate determined on: 
01-MAR-2002.

Issue             :  PLATFORM HOME LOANS No.1 PLC - CLASS A
                     £260,000,000 MORTGAGE BACKED FRN DUE DEC 2031
ISIN Number       :  XS0104329528
Issue Nominal GBP :  260,000,000.00 
Period            :  01-MAR-2002  To  05-JUN-2002    Payment Date  05-JUN-2002 
Number of Days    :  96
Rate              :  4.605                   Pool Factor: 0.2567
Denomination GB   :  2,567.00     100,000.00
Amount Payable
Per Denomination  :  31.09

From:
Institutional    Telephone 44 (0) 1202 34 1286
Trust Services   Facsimile 44 (0) 1202 34 7438


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