65JD Granite Mas.a1

    

Granite Master Issuer



RE: GRANITE MASTER ISSUER PLC
    USD 36,300,000.00
    MATURING: 20/Dec/2054
    ISSUE DATE: 21/Sep/2005
    ISIN: US38741YAU38

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Nov/2005 TO 20/Feb/2007 HAS BEEN FIXED AT 5.655000 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 20/Feb/2007 WILL AMOUNT TO:
USD 1,445.17 PER USD 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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