AL80 Citi Fun 26

    Granite Mortgages 02-1 PLC

RE: GRANITE MORTAGES 02-1 PLC
GBP 16,200,000.00
MATURING: 20-Apr-2042
ISSUE DATE: 20-Mar-2002
ISIN: XS0144805958
                       
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Apr-2005 TO 20-Jul-2005 HAS BEEN FIXED AT 5.289380 PCT

DAY BASIS 91/365

INTEREST PAYABLE VALUE 20-Jul-2005 WILL AMOUNT TO:
GBP 131.87 PER GBP 10,000.00 DENOMINATION
GBP 1,318.72 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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