RMAC 2002 NS1 PLC

As Agent Bank, please be advised of the following rate determined on:
12-Mar-2004

Issue               : RMAC 2002 NS1 Plc - Class A3
                      �60,000,000 Mortgage Backed FRN due 12 Jun 2034
ISIN Number         : XS0143661055
Issue Nomin     GBP : 60,000,000.00
Period              : 12-Mar-2004 to 14-Jun-2004    Payment Date 14-Jun-2004
Number of Days      : 94
Rate                : 4.59125
Denomination    GB  : 60,000,000.00

Amount Payable 
per Denomination    : 707,504.10

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

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