Granite Mortgages 03-1


Re:  GRANITE MORTGAGES 03-1 PLC
     EUR 94,500,000.00
     MATURING: 20-Jan-2043
     ISIN: XS0160702386

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Oct-2007 TO 22-Jan-2008 HAS BEEN FIXED AT 6.103000 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 22-Jan-2008 WILL AMOUNT TO:
EUR 15.60 PER EUR 1,000.00 DENOMINATION
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