GRANITE MORTGAGES 02-2 PLC

RE: GRANITE MORTGAGES 02-2 PLC
GBP 33,000,000.00
MATURING: 20-Jan-2043
ISSUE DATE: 23-Sep-2002
ISIN: XS0153569958

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Jul-2006 TO 20-Oct-2006 HAS BEEN FIXED AT 5.986880 PCT

DAY BASIS 92/365

INTEREST PAYABLE VALUE 20-Oct-2006 WILL AMOUNT TO:
GBP 15.09 PER GBP 1,000.00 DENOMINATION
GBP 150.90 PER GBP 10,000.00 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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