RMAC 2002 NS1 PLC

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

Issue               : RMAC 2002 NS1 PLC - Class A3
                      �60,000,000 Mortgage Backed FRN due 12 Jun 2034
ISIN Number         : XS0143661055
Issue Nomin     GBP : 60,000,000.00
Period              : 12-Dec-2003 to 12-Mar-2004        Payment Date 12-Mar-2004
Number of Days      : 91
Rate                : 4.33375       
Denomination    GB  : 60,000,000.00

Amount Payable 
per Denomination    : 646,510.25

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