RMAC 2002 NS1 PLC

As Agent Bank, please be advised of the following rate determined on:13-Jun-2005

Issue               : RMAC 2002 NS1 plc - Class A2
                      GBP 380,000,000 Mortgage Backed FRN Due 12 Jun 2034
ISIN Number         : XS0143660594
Common Code/
144A ISIN           : 14366059
Issue Nomin     GBP : 380,000,000.00
Period              : 13-Jun-2005 to 12-Sep-2005      Payment Date 12-Sep-2005 
Number of Days      : 91
Rate                : 5.13875
Denomination    GB  : 105,901,498.91
Amount Payable 
per Denomination    : 1,356,775.91

Rate Fix Desk                     Telephone   44(0) 1202 34 1286
Institutional Trust Services      Facsimile   44(0) 1202 34 1267

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