Granite Master Issuer PLC



Re:  Granite Master Issuer Plc
     USD 70,000,000.00
     MATURING: 20-Dec-2054
     ISIN: US38741YCE77

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21-Apr-2008 TO 21-Jul-2008 HAS BEEN FIXED AT 2.907500 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 21-Jul-2008 WILL AMOUNT TO:
USD 734.95 PER USD 100,000.00 DENOMINATION
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