32AR Granite Mas.a1

    GRANITE MASTER ISSUER PLC

RE: Granite Mater Issuer Plc CLASS A1  
    USD 975,000,000.00
    MATURING:  20/Jun/2030
    ISSUE DATE:  25/May/2005
    ISIN:  US38741YAF60 

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Apr/2006 TO 22/May/2006 HAS BEEN FIXED AT 4.962500 PCT. 

DAY BASIS 32/360

INTEREST PAYABLE VALUE 22/May/2006 WILL AMOUNT TO 
USD 229.42 PER USD 52,009.53 DENOMINATION. 
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.

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