RNS Number:8958D
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 B
                     #18,500,000 MORTGAGE BACKED FRN DUE 15/12/2032
                     
ISIN Number       :  XS0120229132
Issue Nominal GBP :  18,500,000.00
Period            :  15-NOV-2002  To  16-DEC-2002    Payment Date  16-DEC-2002 
Number of Days    :  31
Rate              :  6.8525        POOL FACTOR:  0.997607
Denomination GBP  :  9,976.07     
Amount Payable
Per Denomination  :  58.06      


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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