40PO Mortgages 2 'a'

RNS Number:2150G
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 B
                        #18,500,000 Mortgage Backed FRN due 15/12/2032
ISIN Number       :     XS0120229132
Issue Nominal GBP :     18,500,000.00
Period            :     15-Jan-2003  To  17-Feb-2003  Payment Date  17-Feb-2003
Number of Days    :     33
Rate              :     6.92625           Pool Factor:   0.997607
Denomination GB  :      9,976.07       10,000.00
Amount Payable          62.47           75.37
Per Denomination  :  

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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