Granite Master Issuer


RE: Granite Master Issuer Plc
    USD 29,000,000
    MATURING: 20-Dec-2054
    ISSUE DATE: 24-May-2006
    ISIN: US38741YBS72

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Jan-2007 TO 20-Apr-2007 HAS BEEN FIXED AT 5.440000 PCT

DAY BASIS 88/360

INTEREST PAYABLE VALUE 20-Apr-2007 WILL AMOUNT TO:
USD 1,329.78 PER USD 100,000.00 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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