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/Apr/2005 TO 20/Jul/2005 HAS BEEN FIXED AT 9.439380 PCT.

DAY BASIS 91/365

INTEREST PAYABLE VALUE 20/Jul/2005 WILL AMOUNT TO
GBP  94.14 PER GBP 4,000.00 DENOMINATION.
GBP 941.35 PER GBP 40,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.

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