BW20030312002120  20030312T180830Z UTC


( BW)(RMAC-2002-NS1-PLC)(AK51) FRN Variable Rate Fix

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--March 12, 2003--

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

Issue               : RMAC 2002 - NS1 PLC - Class A1
                      �160,000,000 Mortgage Backed FRN Due June 2034
ISIN Number         : XS0143659828
Issue Nomin     GBP : 160,000,000.00 
Period              : 12-Mar-2003 to 12-Jun-2003          Payment Date 12-Jun-2003
Number of Days      : 92
Rate                : 3.7975            Pool Factor:    0.3859625
Denomination    GB  : 61,754,003.70 

Amount Payable 
per Denomination    : 591,095.79

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

   Short Name: RMAC 2002-NS1 PLC
   Category Code: RC
   Sequence Number: 00002779
   Time of Receipt (offset from UTC): 20030312T173717+0000

    --30--sm/uk*

    CONTACT: RMAC 2000 NS1 PLC
 
    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: RMAC 2002 NS1 PLC
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