FRN Variable Rate Fix

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TIDM56BY 
 
 
Re:  GRANITE MORTGAGES 03-2 PLC 
     USD 500,000,000.00 
     MATURING: 20-Jul-2043 
     ISIN: US38741QAC06 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
20-Jul-2011 TO 20-Oct-2011 HAS BEEN FIXED AT 0.75 PCT 
DAY BASIS: ACTUAL/360 
INTEREST PAYABLE VALUE 20-Oct-2011 WILL AMOUNT TO: 
USD 0.53 PER USD 277.72 DENOMINATION

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