RNS Number:1618K
Mortgages No 2 PLC
17 September 2001




As Agent Bank, please be advised of the following rate determined on: 
17-SEP-2001.

Issue             :  MORTGAGES No 2 PLC - CLASS S - PRINCIPAL B
                     #6,330,500 MORTGAGE BACKED FRN DUE 15/12/2032 
ISIN NO           :  XS120238125
Issue Nominal GBP :  6,330,500.00
Period            :  17-SEP-2001  To  15-OCT-2001    Payment Date  15-OCT-2001 
Number of Days    :  28
Rate              :  8.955
Denomination GBP  :  500.00     10,000.00     100,000.00
Amount Payable
Per Denomination  :  3.43       68.70         686.96



As Agent Bank, please be advised of the following rate determined on: 
17-SEP-2001.

Issue             :  MORTGAGES No 2 PLC - CLASS B
                     #18,500,000 MORTGAGE BACKED FRN DUE 15/12/2032 
ISIN NO           :  XS0120229132
Issue Nominal GBP :  18,500,000.00
Period            :  17-SEP-2001  To  15-OCT-2001    Payment Date  15-OCT-2001 
Number of Days    :  28
Rate              :  7.855                  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: 
17-SEP-2001.

Issue             :  MORTGAGES No 2 PLC - CLASS M
                     #11,500,000 MORTGAGE BACKED FRN DUE 15/12/2032 
ISIN NO           :  XS012027862
Issue Nominal GBP :  11,500,000.00
Period            :  17-SEP-2001  To  15-OCT-2001    Payment Date  15-OCT-2001 
Number of Days    :  28
Rate              :  5.855                         Pool Factor: 0.997607
Denomination GBP  :  9,976.07     10,000.00
Amount Payable
Per Denomination  :  44.81        58.43



As Agent Bank, please be advised of the following rate determined on: 
17-SEP-2001.

Issue             :  MORTGAGES No 2 PLC - CLASS A DETACHABLE COUPONS
                     #190,000,000 MORTGAGE BACKED FRN DUE 2003
ISIN NO           :  XS0120236186
Issue Nominal GBP :  190,000,000.00
Period            :  17-SEP-2001  To  15-OCT-2001    Payment Date  15-OCT-2001 
Number of Days    :  28
Rate              :  0.15342465753          Pool Factor: 0.707007
Denomination GBP  :  7,070.07     10,000,00
Amount Payable
Per Denomination  :  10.85        16.39



As Agent Bank, please be advised of the following rate determined on: 
17-SEP-2001.

Issue             :  MORTGAGES No 2 PLC - CLASS A
                     #190,000,000 MORTGAGE BACKED FRN DUE 15/12/2032 
ISIN NO           :  XS012022646
Issue Nominal GBP :  190,000,000.00
Period            :  17-SEP-2001  To  15-OCT-2001    Payment Date  15-OCT-2001 
Number of Days    :  28
Rate              :  5.375                 Pool Factor: 0.707007
Denomination GBP  :  7,070.070     10,000.00    
Amount Payable
Per Denomination  :  29.15         3.56

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



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