AL89 Citi Fun 24

    Granite Mortgages 02-1 PLC

RE: GRANITE MORTGAGES 02-1 PLC
USD 69,700,000.00
MATURING: 20-Apr-2042
ISSUE DATE: 20-Mar-2002
ISIN: US38741NAC74

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Jul-2006 TO 20-Oct-2006 HAS BEEN FIXED AT 5.830000 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 20-Oct-2006 WILL AMOUNT TO:
USD 136.16 PER USD 9,139.17 DENOMINATION
USD 1,361.63 PER USD 91,391.68 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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