55ZJ Heathrow 31

    


GRANITE MORTGAGES 03-1 PLC


Re:  GRANITE MORTGAGES 03-1 PLC
     GBP 665,000,000.00
     MATURING: 20-Jan-2043
     ISIN: XS0160703434

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Jan-2008 TO 21-Apr-2008 HAS BEEN FIXED AT 5.767500 PCT

DAY BASIS: ACTUAL/365(GBP)

INTEREST PAYABLE VALUE 21-Apr-2008 WILL AMOUNT TO:
GBP 14.18 PER GBP 1,000.00 DENOMINATION

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