40PO Mortgages 2 'a'

RNS Number:8957D
Mortgages No 2 PLC
15 November 2002

As Agent Bank, please be advised of the following rate determined on: 
15-NOV-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-NOV-2002  To  16-DEC-2002    Payment Date  16-DEC-2002 
Number of Days    :  31
Rate              :  0.16986301369            POOL FACTOR:  0.302207
Denomination GBP  :  3,022.07      
Amount Payable
Per Denomination  :  5.13             



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

END
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