40PO Mortgages 2 'a'

RNS Number:2155G
Mortgages No 2 PLC
15 January 2003


As Agent Bank, please be advised of the following rate determined on: 
15-JAN-2003.

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-JAN-2003  To  17-FEB-2003    Payment Date  17-FEB-2003 
Number of Days    :  33
Rate              :  4.92625                    Pool Factor:  0.997607
Denomination GBP  :  9,976.07          10,000.00
Amount Payable
Per Denomination  :  44.43             58.43

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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