RNS Number:0499A
Mortgages No 2 PLC
15 August 2002


LETTER TO:  RNS

As Agent Bank, please be advised of the following rate determined on: 
15-Aug-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-Aug-2002  To  16-Sep-2002    Payment Date  16-Sep-2002 
Number of Days    :  32
Rate              :  4.3925                   Pool Factor: 0.365407
Denomination GBP  :  3,654.07       10,000.00
Amount Payable
Per Denomination  :  14.07           3.56 



As Agent Bank, please be advised of the following rate determined on: 
15-Aug-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            :  15-Aug-2002  To  16-Sep-2002    Payment Date  16-Sep-2002 
Number of Days    :  32
Rate              :  6.8725                  Pool Factor: 0.997607
Denomination GBP  :  9,976.07       10,000.00
Amount Payable
Per Denomination  :  60.11          75.37



As Agent Bank, please be advised of the following rate determined on: 
15-Aug-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            :  15-Aug-2002  To  16-Sep-2002    Payment Date  16-Sep-2002 
Number of Days    :  32
Rate              :  0.1753424658                   Pool Factor: 0.365407
Denomination GBP  :  3,654.07       10,000.00
Amount Payable
Per Denomination  :  6.41           16.39 



As Agent Bank, please be advised of the following rate determined on: 
15-Aug-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            :  15-Aug-2002  To  16-Sep-2002    Payment Date  16-Sep-2002 
Number of Days    :  32
Rate              :  4.8725                   Pool Factor: 0.997607
Denomination GBP  :  9,976.07        10,000.00
Amount Payable
Per Denomination  :  42.62           58.43 

From:  JP Morgan


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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