GRANITE MORTGAGES 03-2 PLC


Re:  GRANITE MORTGAGES 03-2 PLC
     EUR 72,900,000.00
     MATURING: 20-Jul-2043
     ISIN: XS0168666013

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Oct-2007 TO 22-Jan-2008 HAS BEEN FIXED AT 5.143000 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 22-Jan-2008 WILL AMOUNT TO:
EUR 11.59 PER EUR 881.73 DENOMINATION



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