Re:                                                                                                 Granite Master
Issuer Plc
                                                                                                     GBP 0
                                                                                                     MATURING:
20-Dec-2054
                                                                                                     ISIN: XS0240670843
                                                                                                                              
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 22-Dec-2008 TO 20-Jan-2009 HAS BEEN FIXED AT 2.535000 PCT
  
 DAY BASIS: ACTUAL/365(PROP)
  
 INTEREST PAYABLE VALUE 20-Jan-2009 WILL AMOUNT TO:
 GBP 178.41 PER GBP 88663.44 DENOMINATION
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