Platform Home Loans (No.2) Plc

As Agent Bank, please be advised of the following rate determined on: 11-Dec-2003

Issue               : Platform Home Loans No2 plc - Class A
                      � 183,000,000 Mortgage backed FRN due December 2032
ISIN Number         : XS0118479277
Issue Nomin     GBP : 183,000,000.00
Period              : 11-Dec-2003 to 11-Mar-2004          Payment Date 11-Mar-2004
Number of Days      : 91
Rate                : 4.43625           Pool Factor: 0.0634
Denomination   GBP  : 634.00          100,000.00

Amount Payable 
per Denomination    : 7.00

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