Granite Mortgages 03-1




RE: GRANITE MORTGAGES 03-1 PLC
    EUR 94,500,000.00
    MATURING: 20-Jan-2043
    ISSUE DATE: 27-Jan-2003
    ISIN: XS0160702386

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Jul-2007 TO 22-Oct-2007 HAS BEEN FIXED AT 5.671000 PCT

DAY BASIS 94/360

INTEREST PAYABLE VALUE 22-Oct-2007 WILL AMOUNT TO:
EUR 14.81 PER EUR 1,000.00 DENOMINATION.
EUR 148.08 PER EUR 10,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855
FAX: 44 20 7508 3866
Email: rate.fixing@citigroup.com
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