AL80 Citi Fun 26

    Granite Mortgages 02-1 PLC

RE: GRANITE MORTGAGES 02-1 PLC
    USD 96,500,000.00
    MATURING: 20/Apr/2042
    ISSUE DATE: 20/Mar/2002
    ISIN: US38741NAD57

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Oct/2005 TO 20/Jan/2006 HAS BEEN FIXED AT 5.474130 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 20/Jan/2006 WILL AMOUNT TO:
USD 139.89 PER USD 10,000.00 DENOMINATION
USD 1,398.94 PER USD 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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