GRANITE MORTGAGES 02-1 PLC


RE: GRANITE MORTGAGES 02-1 PLC
    GBP 460,000,000.00
    MATURING: 21-Apr-2042
    ISSUE DATE: 20-Mar-2002
    ISIN: XS0144804712

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Jan-2007 TO 20-Apr-2007 HAS BEEN FIXED AT 5.808130 PCT

DAY BASIS 88/365

INTEREST PAYABLE VALUE 20-Apr-2007 WILL AMOUNT TO:
GBP 140.03 PER GBP 10,000.00 DENOMINATION

GBP 1,400.32 PER GBP 100,000.00 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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