Granite Mortgages 02-1



RE: GRANITE MORTGAGES 02-1 PLC
    USD 96,500,000.00
    MATURING: 20-Apr-2042
    ISSUE DATE: 20-Mar-2002
    ISIN: US38741NAD57

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Jan-2007 TO 20-Apr-2007 HAS BEEN FIXED AT 6.660000 PCT

DAY BASIS 88/360

INTEREST PAYABLE VALUE 20-Apr-2007 WILL AMOUNT TO:
USD 122.82 PER USD 7,544.04 DENOMINATION
USD 1,228.17 PER USD 75,440.41 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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