RMAC 2001 NSP2 PLC

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

Issue               : RMAC 2001 NSP2 PLC - Class 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-Mar-2003 to 14-Jun-2004      Payment Date 14-Jun-2004
Number of Days      : 94
Rate                : 7.77125          Pool Factor: 0.39392
Denomination    GB  : 2,993,794.27

Amount Payable 
per Denomination    : 59,752.98

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