48AH Hsbc Bk. 28

    GRANITE MORTGAGES 03-3

RE: GRANITE MORTGAGES 03-3 PLC           
    USD 500,000,000.00
    MATURING: 20/Jan/2044
    ISSUE DATE: 24/Sep/2003
    ISIN: US38741UAC18

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Apr/2006 TO 20/Jul/2006 HAS BEEN FIXED AT 5.280000 PCT. 

DAY BASIS 91/360

INTEREST PAYABLE VALUE 20/Jul/2006 WILL AMOUNT TO  
USD 12.90 PER USD 944.38 DENOMINATION. 
USD 126.04 PER USD 9,443.75 DENOMINATION. 
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.

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