Granite Master Issuer


RE: Granite Master Issuer Plc
    EUR 300,000,000.00
    MATURING: 20-Apr-2031
    ISSUE DATE: 24-May-2006
    ISIN: XS0252419832

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Oct-2006 TO 22-Jan-2007 HAS BEEN FIXED AT 3.541000 PCT

DAY BASIS 94/360

INTEREST PAYABLE VALUE 22-Jan-2007 WILL AMOUNT TO:
EUR 667.03 PER EUR 72,142.97 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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