Granite Master Issuer

RE: Granite Master Issuer Plc
    GBP 25,000,000.00
    MATURING: 20/Dec/2054
    ISSUE DATE:25/Jan/2006
    ISIN: XS0240606169

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21/Aug/2006 TO 20/Nov/2006 HAS BEEN FIXED AT 5.146880 PCT

DAY BASIS 91/365

INTEREST PAYABLE VALUE 20/Nov/2006 WILL AMOUNT TO:
GBP 1,283.19 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
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