Granite Mortgages 03-2 PLC


Re:  GRANITE MORTGAGES 03-2 PLC
     USD 500000000
     MATURING: 20-Jul-2043
     ISIN: US38741QAC06

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Oct-2008 TO 20-Jan-2009 HAS BEEN FIXED AT 4.752500 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 20-Jan-2009 WILL AMOUNT TO:
USD 7.53 PER USD 619.76 DENOMINATION
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