AL80 Citi Fun 26

    Granite Mortgages 02-1 PLC

RE: GRANITE MORTGAGES 02-1 PLC
    GBP 15,000,000.00
    MATURING: 20/Apr/2042
    ISSUE DATE: 20/Mar/2002
    ISIN: XS0144806501

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Oct/2005 TO 20/Jan/2006 HAS BEEN FIXED AT 9.091250 PCT

DAY BASIS 92/365

INTEREST PAYABLE VALUE 20/Jan/2006 WILL AMOUNT TO:
GBP 61.11 PER GBP 2,666.67 DENOMINATION
GBP 611.06 PER GBP 26,666.67  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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