GRANITE MORTGAGES 03-2 PLC




RE: GRANITE MORTGAGES 03-2 PLC
    EUR 300,000,000.00
    MATURING: 20-Jul-2043
    ISSUE DATE: 21-May-2003
    ISIN: XS0168665718

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Apr-2007 TO 20-Jul-2007 HAS BEEN FIXED AT 4.229000 PCT

DAY BASIS 91/360

INTEREST PAYABLE VALUE 20-Jul-2007 WILL AMOUNT TO:
EUR 10.69 PER EUR 1,000.00 DENOMINATION

EUR 106.9 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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