Granite Master Issuer


RE: Granite Master Issuer Plc
    USD 810,000,000.00
    MATURING: 20/Apr/2031
    ISSUE DATE: 24/May/2006
    ISIN: US38741YBQ17

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21/May/2007 TO 20/Jun/2007 HAS BEEN FIXED AT 5.330000 PCT.

DAY BASIS 30/360

INTEREST PAYABLE VALUE 20/Jun/2007 WILL AMOUNT TO
USD 182.60 PER USD 41,111.45 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855
FAX: 44 (0)20 7508 3866
Email: rate.fixing@citigroup.com
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