GRANITE MORTGAGES 03-2 PLC


Re:  GRANITE MORTGAGES 03-2 PLC
     EUR 300,000,000.00
     MATURING: 20-Jul-2043
     ISIN: XS0168665718

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Oct-2007 TO 22-Jan-2008 HAS BEEN FIXED AT 4.903000 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 22-Jan-2008 WILL AMOUNT TO:
EUR 11.05 PER EUR 881.73 DENOMINATION
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