| Re: | GRANITE MORTGAGES 04-1 PLC |
| EUR 45,000,000.00 | |
| MATURING: 21-Mar-2044 | |
| ISIN: XS0184563541 | |
| PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD | |
| 20-Dec-2012 TO 20-Mar-2013 HAS BEEN FIXED AT 1.324000 PCT | |
| DAY BASIS: ACTUAL/360 | |
| INTEREST PAYABLE VALUE 20-Mar-2013 WILL AMOUNT TO: | |
| EUR 1,655.00 PER EUR 500,000.00 DENOMINATION | |

