TIDM56CB 
 
 
Re:  GRANITE MORTGAGES 03-2 PLC 
     EUR 300,000,000.00 
     MATURING: 20-Jul-2043 
     ISIN: XS0168665718 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
20-Oct-2011 TO 20-Jan-2012 HAS BEEN FIXED AT 2.079000 PCT 
DAY BASIS: ACTUAL/360 
INTEREST PAYABLE VALUE 20-Jan-2012 WILL AMOUNT TO: 
EUR 1.34 PER EUR 251.31 DENOMINATION
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