55ZD Investec Bnk 24

    Granite Mort. 03-1

RE: GRANITE MORTGAGES 03-1 PLC
    USD 300,000,000.OO
    MATURING: 20/Jan/2020
    ISSUE DATE: 27/Jan/2003
    ISIN: US38741TAC45

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Apr/2006 TO 20/Jul/2006 HAS BEEN FIXED AT 5.381099 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 20/Jul/2006 WILL AMOUNT TO
USD 5.17 PER USD 379.92 DENOMINATION.
USD 51.68 PER USD 3,799.17 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.

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