So number (2) is the downstream sensor. Now the original part was 1618AN, but they are now proposing to replace it with 1618Z8, with the following:
So there was a Technical Service Bulletin on this, probably relating to the electrical wires melting on the exhaust. So if yours has started to melt, it could be the reason why the fault has been flagged up.Secure the surplus length of the electrical harness using a tie wrap;~Always stay away from the exhaust line
And pennies they are not Colin... 1618Z8 will cost £231.62 inc. VAT from the dealer, so time to get Googling again!