Granite Master Issuer PLC

RE:     Granite Master Issuer
        EUR 1,855,000,000.00
        MATURING: 20/Dec/2054
        ISSUE DATE: 25/Jan/2006
        ISIN: XS0240602929 

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22/May/2006 TO 21/Aug/2006 HAS BEEN FIXED AT 2.993000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 21/Aug/2006 WILL AMOUNT TO
EUR 756.56 PER EUR 100,000.00 DENOMINATION.

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