48AQ Qnb Fin 25

    GRANITE MORTGAGES 03-3 PLC

RE: GRANITE MORTGAGES 03-3 PLC
    GBP 28,500,000.00
    MATURING: 20/Jan/2044
    ISSUE DATE: 24/Sep/2003
    ISIN: XS0176410776

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Jul/2006 TO 20/Oct/2006 HAS BEEN FIXED AT 5.186880 PCT.

DAY BASIS 94/365

INTEREST PAYABLE VALUE 20/Oct/2006 WILL AMOUNT TO
GBP 13.07 PER GBP 1,000.00 DENOMINATION.
GBP 130.74 PER GBP 10,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.

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