AL80 Citi Fun 26

    Granite Mortgages 02-1 PLC

RE: GRANITE MORTGAGES 02-1 PLC
    EUR 21,100,000.00
    MATURING: 20/Apr/2042
    ISSUE DATE: 20/Mar/2002
    ISIN: XS0144807657

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Apr/2005 TO 20/Jul/2005 HAS BEEN FIXED AT 2.484000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 20/Jul/2005 WILL AMOUNT TO
EUR 62.79 PER EUR 10,000.00 DENOMINATION.
EUR 627.90 PER EUR 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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