49NW Granite Mas.b1

    


Granite Master Issuer



Re:  Granite Master Issuer Plc
     USD 29,000,000.00
     MATURING: 20-Dec-2054
     ISIN: US38741YBS72

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Jan-2008 TO 21-Apr-2008 HAS BEEN FIXED AT 3.973750 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 21-Apr-2008 WILL AMOUNT TO:
USD 778.39 PER USD 78,352.96 DENOMINATION

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