GRANITE MORTGAGES 03-3



Re:  GRANITE MORTGAGES 03-3 PLC
     USD 500000000
     MATURING: 20-Jan-2044
     ISIN: US38741UAC18

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21-Jul-2008 TO 20-Oct-2008 HAS BEEN FIXED AT 2.986250 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 20-Oct-2008 WILL AMOUNT TO:
USD 2.82 PER USD 374.06 DENOMINATION
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