Granite Master Issuer

RE: Granite Master Issuer Plc
    GBP 0.00
    MATURING: 20/Dec/2030
    ISSUE DATE: 25/Jan/2006
    ISIN: XS0240670504

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22/May/2006 TO 21/Aug/2006 HAS BEEN FIXED AT 4.745630 PCT.

DAY BASIS 91/365

INTEREST PAYABLE VALUE 21/Aug/2006 WILL AMOUNT TO
GBP 936.45 PER GBP 79,148.82 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.

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