TIDM56QY 
 
 
Re:  GRANITE MORTGAGES 04-03 PLC 
     EUR 800150000 
     MATURING: 20-Sep-2044 
     ISIN: XS0201483228 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
22-Jun-2009 TO 21-Sep-2009 HAS BEEN FIXED AT 1.375000 PCT 
DAY BASIS: ACTUAL/360 
INTEREST PAYABLE VALUE 21-Sep-2009 WILL AMOUNT TO: 
EUR 47.07 PER EUR 13543.09 DENOMINATION
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