Granite Master Issuer Plc


RE: GRANITE MASTER ISSUER PLC
    USD 1,000,000,000.00
    MATURING: 20-Aug-2054
    ISSUE DATE: 31-Aug-2005
    ISIN: US38741YAM12

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Mar-2007 TO 20-Apr-2007 HAS BEEN FIXED AT 5.290000 PCT

DAY BASIS 31/360

INTEREST PAYABLE VALUE 20-Apr-2007 WILL AMOUNT TO:
USD 455.53 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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