Granite Mortgages 04-2

RE: GRANITE MORTGAGES 04-2 PLC
USD 73,500,000.00
MATURING: 20-Jun-2044
ISSUE DATE: 26-May-2004
ISIN: US38741WAE30

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Jun-2006 TO 20-Sep-2006 HAS BEEN FIXED AT 6.113750 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 20-Sep-2006 WILL AMOUNT TO:
USD 2.11 PER USD 135.26 DENOMINATION
USD 21.13 PER USD 1,352.64 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
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