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Granite Master Issuer Plc


RE: Granite Master Issuer Plc
    USD 60,500,000.00
    MATURING: 20/Dec/2054
    ISSUE DATE: 26/Jan/2005
    ISIN: US38741YAD13

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Dec/2006 TO 20/Mar/2007 HAS BEEN FIXED AT 5.495000 PCT.

DAY BASIS 90/360

INTEREST PAYABLE VALUE 20/Mar/2007 WILL AMOUNT TO
USD 1,373.75 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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