AL80 Citi Fun 26

    Granite Mortgages 02-1 PLC

RE: Granite Mortgages 02-1 PLC
    EUR 29,300,000.00
    MATURING: 20-Apr-2042
    ISSUE DATE: 20-Mar-2002
    ISIN: XS0144807814

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Jan-2006 TO 20-Apr-2006 HAS BEEN FIXED AT 3.805000 PCT

DAY BASIS 90/360

INTEREST PAYABLE VALUE 20-Apr-2006 WILL AMOUNT TO:
EUR 95.13 PER EUR 10,000.00 DENOMINATIONEUR 
951.25 PER EUR 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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