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-Jan-2006 TO 20-Apr-2006 HAS BEEN FIXED AT 2.855000 PCT

DAY BASIS 90/360

INTEREST PAYABLE VALUE 20-Apr-2006 WILL AMOUNT TO:
EUR 71.38 PER EUR 10,000.00 DENOMINATION
EUR 713.75 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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