RMAC 2001 NSP2 PLC

As Agent Bank, please be advised of the following rate determined on: 14-Jun-2004

Issue               : RMAC 2001 NSP2 PLC - Class A3 Notes
                      GBP 315,000,000 Mortgage Backed FRN due 12 Dec 2033
ISIN Number         : XS0135901840
Common Code/        : 13590184
144A ISIN
Issue Nomin     GBP : 315,000,000.00
Period              : 14-Jun-2004 to 13-Sep-2004       Payment Date 13-Sep-2004
Number of Days      : 91
Rate                : *5.11375*              Pool Factor: 0.496574
Denomination    GB  : 156,420,676.28

Amount Payable 
per Denomination    : *1,988,813.04*

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

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