Re:                                                                                                 Granite Master
Issuer Plc
                                                                                                     USD 726,100,000.00
                                                                                                     MATURING:
20-Dec-2054
                                                                                                     ISIN: US38741YBG35
                                                                                                                              
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 22-Dec-2008 TO 20-Jan-2009 HAS BEEN FIXED AT 0.577500 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 20-Jan-2009 WILL AMOUNT TO:
 USD 25.20 PER USD 54,169.47 DENOMINATION
    
    
    


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