GRANITE MASTER ISSUER PLC


RE: Granite Master Issuer PLC
    USD 726,100,000.00
    MATURING: 20/Dec/2054
    ISSUE DATE: 25/Jan/2006
    ISIN: US38741YBG35

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21/May/2007 TO 20/Jun/2007 HAS BEEN FIXED AT 5.300000 PCT.

DAY BASIS 30/360

INTEREST PAYABLE VALUE 20/Jun/2007 WILL AMOUNT TO
USD 441.67 PER USD 100,000.00 DENOMINATION.

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