Re:                                                                                         Granite Master Issuer Plc
                                                                                             EUR 325000000
                                                                                             MATURING: 17-Apr-2032
                                                                                             ISIN: XS0298974337
                                                                                                                      
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 17-Oct-2008 TO 17-Nov-2008 HAS BEEN FIXED AT 5.208000 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 17-Nov-2008 WILL AMOUNT TO:
 EUR 29.03 PER EUR 0 DENOMINATION
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