40PO Mortgages 2 'a'

RNS Number:8953D
Mortgages No 2 PLC
15 November 2002


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

Issue             :  MORTGAGE 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            :  15-NOV-2002  To  16-DEC-2002    Payment Date  16-DEC-2002 
Number of Days    :  31
Rate              :  7.9525             Pool Factor: 0.3427
Denomination GBP  :  171.35       10,000.00       100,000.00
Amount Payable
Per Denomination  :  1.16         68.70           686.96

From:

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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