Granite Mortgages 02-1 PLC

RE: GRANITE MORTGAGES 02-1 PLC
    GBP 15,000,000.00
    MATURING: 21/Oct/2041
    ISSUE DATE: 28/Sep/2001
    ISIN: XS0134454866

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Oct/2005 TO 20/Jan/2006 HAS BEEN FIXED AT 5.011250 PCT

DAY BASIS 92/365

INTEREST PAYABLE VALUE 20/Jan/2006 WILL AMOUNT TO:
GBP 126.31 PER GBP 10,000.00 DENOMINATION
GBP 1,263.11 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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