Re:                                                                                       Granite Master Issuer Plc
                                                                                           GBP 350000000
                                                                                           MATURING: 20-Dec-2030
                                                                                           ISIN: XS0275944097
                                                                                                                    
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 22-Dec-2008 TO 20-Mar-2009 HAS BEEN FIXED AT 2.975000 PCT
  
 DAY BASIS: ACTUAL/365(PROP)
  
 INTEREST PAYABLE VALUE 20-Mar-2009 WILL AMOUNT TO:
 GBP 0 PER GBP 0 DENOMINATION
    
    


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