Re:                                                                                               Granite Master Issuer
Plc
                                                                                                   EUR 325000000
                                                                                                   MATURING: 17-Apr-2032
                                                                                                   ISIN: XS0298974337
                                                                                                                            
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 17-Dec-2008 TO 19-Jan-2009 HAS BEEN FIXED AT 2.994000 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 19-Jan-2009 WILL AMOUNT TO:
 EUR 17.77 PER EUR 6472.98 DENOMINATION
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