RMAC 2001 NSP2 PLC

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

Issue               : RMAC 2001 NSP2 PLC - Clss C Notes
                      GBP 7,600,000 Mortgage Backed FRN due 12 Dec 2033
ISIN Number       : XS0135902491
Issue Nomin     GBP : 7,600,000.00
Period              : 12-Dec-2003 to 12-Mar-2004      Payment Date 12-Mar-2004
Number of Days      : 91
Rate                : 7.51375          Pool Factor: 0.399522
Denomination    GB  : 3,036,370.35*

Amount Payable 
per Denomination    : 56,724.65*

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

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