49NL Granite Mas.a1

    Granite Master Issuer

RE: Granite Master Issuer Plc
USD 810,000,000.00
MATURING: 20-Apr-2031
ISSUE DATE: 24-May-2006
ISIN: US38741YBQ17

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Jul-2006 TO 21-Aug-2006 HAS BEEN FIXED AT 5.388130 PCT

DAY BASIS 32/360

INTEREST PAYABLE VALUE 21-Aug-2006 WILL AMOUNT TO:
USD 424.49 PER USD 88,630.33 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881

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