Granite Mortgages 02-1 PLC

RE: GRANITE MORTGAGES 02-1 PLC
    GBP 460,000,000.00
    MATURING: 21/Apr/2042
    ISSUE DATE: 20/Mar/2002
    ISIN: XS0144804712

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Jan/2006 TO 20/Apr/2006 HAS BEEN FIXED AT 4.788130 PCT.

DAY BASIS 90/365

INTEREST PAYABLE VALUE 20/Apr/2006 WILL AMOUNT TO:
GBP 118.06 PER GBP 10,000.00 DENOMINATION.
GBP 1,180.63 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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