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Granite Mort. 03-1


RE: Granite Mortgages 03-1 PLC
    USD 300,000,000.00
    MATURING: 20/Jan/2020
    ISSUE DATE: 27/Jan/2003
    ISIN: US38741TAC45

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22/Jan/2007 TO 20/Apr/2007 HAS BEEN FIXED AT 5.667111 PCT.

DAY BASIS 88/360

INTEREST PAYABLE VALUE 20/Apr/2007 WILL AMOUNT TO
USD 2.86 PER USD 206.59 DENOMINATION.
USD 28.62 PER USD 2,065.94 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881.

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