48AI Hsbc Bk. 28

    


GRANITE MORTGAGES 03-3 PLC



Re:  GRANITE MORTGAGES 03-3 PLC
     USD 72000000
     MATURING: 20-Jan-2044
     ISIN: US38741UAD90

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21-Jul-2008 TO 20-Oct-2008 HAS BEEN FIXED AT 3.236250 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 20-Oct-2008 WILL AMOUNT TO:
USD 5.58 PER USD 682.05 DENOMINATION

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