Re:                                                                                             Granite Master Issuer
Plc
                                                                                                 USD 1060000000
                                                                                                 MATURING: 17-Apr-2032
                                                                                                 ISIN: US38741YDQ98
                                                                                                                          
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 17-Nov-2008 TO 17-Dec-2008 HAS BEEN FIXED AT 1.452500 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 17-Dec-2008 WILL AMOUNT TO:
 USD 7.84 PER USD 6472.98 DENOMINATION
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