Granite Mortgages 03-2 PLC




RE: Granite Mortgages 03-2 Plc
    USD 500,000,000.00
    MATURING: 20-Jul-2043
    ISSUE DATE: 21-May-2003
    ISIN: US38741QAC06

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Jul-2007 TO 22-Oct-2007 HAS BEEN FIXED AT 5.610000 PCT

DAY BASIS 94/360

INTEREST PAYABLE VALUE 22-Oct-2007 WILL AMOUNT TO:
USD 13.99 PER USD 954.89 DENOMINATION
USD 139.88 PER USD 9,548.91 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855
FAX: 44 20 7508 3866
Email: rate.fixing@citigroup.com
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