RMAC 2001 NSP2 PLC

As Agent Bank, please be advised of the following rate determined on: 13-Dec-2004

Issue               : RMAC 2001 NSP2 PLC - Class A3 Notes
                      GBP315,000,000 Mortgage Backed FRN due 12 Dec 2033
ISIN Number         : XS0135901840
Common Code/        : 13590184
144A ISIN           
Issue Nomin     GBP : 315,000,000.00
Period              : 13-Dec-2004 to 14-Mar-2005     Payment Date 14-Mar-2005
Number of Days      : 91
Rate                : 5.16                 Pool Factor 0.205558
Denomination     GB : 64,750,808.15

Amount Payable      : 832,996.97
per Denomination    

Rate Fix Desk                     Telephone   44(0) 1202 34 1286
Institutional Trust Services      Facsimile   44(0) 1202 34 1267

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