RNS Number:6812D
Silver No.1 PLC
12 November 2002



               AMENDMENT TO BEGINNING PRINCIPAL AND INTEREST DUE 

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: 3.31200%  
  
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    242,655.65      1.54558 

    
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     

END 

RC FFMFDESESEIF

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