Granite Master Issuer Plc




RE: GRANITE MASTER ISSUER PLC
    USD 168,000,000.00
    MATURING: 20/Dec/2030
    ISSUE DATE: 25/Jan/2006
    ISIN: USG41441BF54

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Nov/2006 TO 20/Dec/2006 HAS BEEN FIXED AT 5.360000 PCT

DAY BASIS 30/360

INTEREST PAYABLE VALUE 20/Dec/2006 WILL AMOUNT TO:
USD 214.09 PER USD 47,930.07 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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