Granite Master Issuer Plc

RE: GRANITE MASTER ISSUER PLC
USD 195,000,000.00
MATURING: 20-Dec-2054
ISSUE DATE: 25-Jan-2006
ISIN: USG41441BG38

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21-Aug-2006 TO 20-Nov-2006 HAS BEEN FIXED AT 5.462500 PCT

DAY BASIS 91/360

INTEREST PAYABLE VALUE 20-Nov-2006 WILL AMOUNT TO:
USD 1,380.80 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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