TIDM56RD 
 
Re:  GRANITE MORTGAGES 04-03 PLC 
     GBP 600000000 
     MATURING: 20-Sep-2044 
     ISIN: XS0201565628 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
21-Dec-2009 TO 22-Mar-2010 HAS BEEN FIXED AT 0.793130 PCT 
DAY BASIS: ACTUAL/365(GBP) 
INTEREST PAYABLE VALUE 22-Mar-2010 WILL AMOUNT TO: 
GBP 62.6 PER GBP 31659.82 DENOMINATION
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