FRN Variable Rate Fix

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Granite Mortgages 03-3 PLC


Re:  GRANITE MORTGAGES 03-3 PLC
     EUR 23,000,000.00
     MATURING: 20-Jan-2044
     ISIN: XS0176410180

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21-Apr-2008 TO 21-Jul-2008 HAS BEEN FIXED AT 5.234000 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 21-Jul-2008 WILL AMOUNT TO:
EUR 477.07 PER EUR 36,058.80 DENOMINATION

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