RMAC 2003-NS2 PLC

As Agent Bank, please be advised of the following rate determined on:08-Jun-2006

Issue               : RMAC 2003 - NS2 PLC Class A2n
                      EUR 10,000,000 Mutil-currency FRN due 12 Sep 2035
ISIN Number         : XS0171104382
Common Code/
144A ISIN           : 17110438
Issue Nomin     EUR : 10,000,000.00
Period              : 12-Jun-2006 to 12-Sep-2006       Payment Date 12-Sep-2006
Number of Days      : 92
Rate                : 3.39                              Pool Factor:  0.436456
Denomination    EU  : 4,364,564.05      100,000.00
Amount Payable 
per Denomination    : 37,811.67         866.33

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

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