Granite Mortgages 03-2 PLC


Re:  GRANITE MORTGAGES 03-2 PLC
     USD 500,000,000.00
     MATURING: 20-Jul-2043
     ISIN: US38741QAC06

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Oct-2007 TO 22-Jan-2008 HAS BEEN FIXED AT 5.430000 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 22-Jan-2008 WILL AMOUNT TO:
USD 12.24 PER USD 881.73 DENOMINATION



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