Granite Mortgages 04/3 PLC


-0-
*T
RE: GRANITE MORTGAGES 04-03 PLC
    EUR 800,150,000.00
    MATURING: 20-Sep-2044
    ISSUE DATE: 22-Sep-2004
    ISIN: XS0201483228

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Sep-2006 TO 20-Dec-2006 HAS BEEN FIXED AT 3.480000 PCT

DAY BASIS 91/360

INTEREST PAYABLE VALUE 20-Dec-2006 WILL AMOUNT TO:
EUR 439.83 PER EUR 50,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
*T


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