RNS Number:3671X
Mortgages No 2 PLC
17 June 2002

                  
As Agent Bank, please be advised of the following rate determined on: 
17-JUN-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            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  4.395                    Pool Factor: 0.423607
Denomination GBP  :  4,236.07         10,000.00
Amount Payable
Per Denomination  :  14.28            3.56

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



As Agent Bank, please be advised of the following rate determined on: 
17-JUN-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            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  6.875                    Pool Factor: 0.997607
Denomination GBP  :  9,976.07        10,000.00
Amount Payable
Per Denomination  :  52.61           75.37

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


            
As Agent Bank, please be advised of the following rate determined on: 
17-JUN-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            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  0.15342465753            Pool Factor: 0.423607
Denomination GBP  :  4,236.07         10,000.00
Amount Payable
Per Denomination  :  6.50             16.39

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


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

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            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  4.875                    Pool Factor: 0.997607
Denomination GBP  :  9,976.07         10,000.00
Amount Payable
Per Denomination  :  37.31            58.43

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



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

Issue             :  MORTGAGES No.2 PLC - CLASS S - PRINCIPAL B
                     £6,130,500 MORTGAGE BACKED FRN DUE 15/12/2032
ISIN Number       :  XS120238125
Issue Nominal GBP :  6,130,500.00
Period            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  7.975                    Pool Factor: 0.7247
Denomination GBP  :  362.35      10,000.00     100,000.00
Amount Payable
Per Denomination  :  2.22        68.70         686.96

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

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