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
21-Apr-2008 TO 21-Jul-2008 HAS BEEN FIXED AT 5.034000 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 21-Jul-2008 WILL AMOUNT TO:
EUR 9.51 PER EUR 747.00 DENOMINATION
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