Granite Master Issuer


RE: Granite Master Issuer Plc
    GBP 33,500,000.00
    MATURING: 20/Dec/2054
    ISSUE DATE: 25/Jan/2006
    ISIN: XS0240607480

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Feb/2007 TO 21/May/2007 HAS BEEN FIXED AT 5.844380 PCT.

DAY BASIS 90/365

INTEREST PAYABLE VALUE 21/May/2007 WILL AMOUNT TO
GBP 1,441.08 PER GBP 100,000.00 DENOMINATION.
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.
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