Granite Master Issuer


Re:  Granite Master Issuer Plc
     USD 20,000,000.00
     MATURING: 20-Dec-2054
     ISIN: USG41441BJ76

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Aug-2008 TO 20-Nov-2008 HAS BEEN FIXED AT 2.98 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 20-Nov-2008 WILL AMOUNT TO:
USD 761.56 PER USD 100,000.00 DENOMINATION
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