Granite Master Issuer


RE: Granite Master Issuer Plc
    USD  80,400,000.00
    MATURING: 20/Dec/2054
    ISSUE DATE: 21/Sep/2005
    ISIN: US38741YAV11

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21/May/2007 TO 20/Aug/2007 HAS BEEN FIXED AT 5.790000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 20/Aug/2007 WILL AMOUNT TO
USD 747.62 PER USD 51,081.16 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855
FAX: 44 (0)20 7508 3866
Email: rate.fixing@citigroup.com
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