Granite Master Issuer PLC


RE: GRANITE MASTER ISSUER PLC
    GBP 10,000,000.00
    MATURING: 20/Dec/2054
    ISSUE DATE: 19/Sep/2006
    ISIN: XS0268038964

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Apr/2007 TO 20/Jul/2007 HAS BEEN FIXED AT 5.939380 PCT

DAY BASIS 91/365

INTEREST PAYABLE VALUE 20/Jul/2007 WILL AMOUNT TO:
GBP 1,480.78 PER GBP 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
Email: rate.fixing@citigroup.com
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