49VW Rolls-r.26 S

        
 Re:                                                                                               Granite Master Issuer
Plc
                                                                                                   USD 182000000
                                                                                                   MATURING: 20-Dec-2054
                                                                                                   ISIN: US38741YCF43
                                                                                                                            
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 20-Oct-2008 TO 20-Nov-2008 HAS BEEN FIXED AT 4.672500 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 20-Nov-2008 WILL AMOUNT TO:
 USD 402.35 PER USD 100000 DENOMINATION
    
    

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