RNS Number:8957D
Mortgages No 2 PLC
15 November 2002

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


Issue             :  MORTGAGES NO. 2 PLC - CLASS A DETACHABLE COUPONS
                     #190,000,000 MORTGAGE BACKED FRN DUE 2003
                     
ISIN Number       :  XS0120236186
Issue Nominal GBP :  190,000,000.00
Period            :  15-NOV-2002  To  16-DEC-2002    Payment Date  16-DEC-2002 
Number of Days    :  31
Rate              :  0.16986301369            POOL FACTOR:  0.302207
Denomination GBP  :  3,022.07      
Amount Payable
Per Denomination  :  5.13             



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


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

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