RNS Number:5689U
Mortgages No 2 PLC
15 April 2002

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

Issue             :  MORTGAGES NO 2 PLC - CLASS A
                     £190,000,000 MORTGAGE BACKED FRN DUE 15/12/2032
ISIN Number       :  XS012022646
Issue Nominal GBP :  190,000,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  4.38719                         POOL FACTOR:  0.488307
Denomination GBP  :  4,883.07
Amount Payable
Per Denomination  :  17.61

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-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  6.86719                         POOL FACTOR:  0.997607
Denomination GBP  :  9,976.07
Amount Payable
Per Denomination  :  56.31

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-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  0.16438356164                   POOL FACTOR:  0.488307
Denomination GBP  :  4,883.07
Amount Payable
Per Denomination  :  8.03


Issue             :  MORTGAGES NO 2 PLC - CLASS M
                     £11,500,000 MORTGAGE BACKED FRN DUE 15/12/2032
ISIN Number       :  XS012027862
Issue Nominal GBP :  11,500,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  4.86719                         POOL FACTOR:  0.997607
Denomination GBP  :  9.976.07
Amount Payable
Per Denomination  :  39.91

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







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