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-Oct-2004 to 20-Jan-2005 HAS BEEN FIXED AT 2.495000 PCT.

DAY BASIS 92/360

INTEREST PAYABLE VALUE 20-Jan-2005 WILL AMOUNT TO
EUR 63.76 PER EUR 10,000.00 DENOMINATION.
EUR 637.61 PER EUR 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.

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