Granite Master Issuer PLC


RE: Granite Master Issuer Plc
    GBP 70,000,000.00
    MATURING: 20-Apr-2031
    ISSUE DATE: 24-May-2006
    ISIN: XS0252425995

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Oct-2006 TO 22-Jan-2007 HAS BEEN FIXED AT 5.170000 PCT

DAY BASIS 94/365

INTEREST PAYABLE VALUE 22-Jan-2007 WILL AMOUNT TO:
GBP 960.55 PER GBP 72,142.97 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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