AL80 Citi Fun 26

    Granite Mortgages 02-1 PLC

RE: GRANITE MORTGAGES 02-1 PLC
USD 1,274,400,000.00
MATURING: 20-Jly-2019
ISSUE DATE: 20-Mar-2002
ISIN: US38741NAB91

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Jan-2005 TO 20-Apr-2005 HAS BEEN FIXED AT 2.830000 PCT

DAY BASIS 90/360

INTEREST PAYABLE VALUE 20-Apr-2005 WILL AMOUNT TO:
USD 41.39 PER USD 5,850.60 DENOMINATION
USD 413.93 PER USD 58,505.96 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881

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