Platform Home Loans (No.2) Plc

As Agent Bank, please be advised of the following rate determined on: 11-Dec-2003

Issue               : Platform Home Loans No2 plc - Class C
                      � 3,960,000 Mortgage backed FRN due December 2032
ISIN Number         : XS0118490837
Issue Nomin     GBP : 3,960,000.00
Period              : 11-Dec-2003 to 11-Mar-2004       Payment Date 11-Mar-2004
Number of Days      : 91
Rate                : 7.51625      Pool Factor: 0.6723
Denomination   GBP  : 6,723.00

Amount Payable 
per Denomination    : 125.72

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