RMAC 2001 NSP2 PLC

As Agent Bank, please be advised of the following rate determined on: 12-Dec-2003

Issue               : RMAC 2001 NSP2 Plc - Class A3 Notes
                      GBP 315,000,000 Mortgage backed FRN due 12 Dec 2033
ISIN Number         : XS0135901840
Issue Nomin     GBP : 315,000,000.00
Period              : 12-Dec-2003 to 12-Mar-2004        Payment Date 12-Mar-2004
Number of Days      : 91
Rate                : 4.31375           Pool Factor: 0.833218                      
Denomination    GB  : 262,463,686.85

Amount Payable 
per Denomination    : 2,815,039.57

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