Granite Master Issuer PLC

RE:     Granite Master Issuer Plc
        EUR 45,000,000.00
        MATURING: 20/Dec/ 2054
        ISSUE DATE: 25/Jan/2006
        ISIN: XS0240670686

PLEASE BE ADVISED THAT THE FX RATE FOR THE PERIOD
22/May/2006 TO 21/Aug/2006 HAS BEEN FIXED AT 2.993000 PCT.

91/360 DAYS

INTEREST PAYABLE VALUE 21/Aug/2006 WILL AMOUNT TO
EUR 756.56 PER EUR 100,000.00 DENOMINATION.
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