Granite Master Issuer Plc


RE: Granite Master Issuer Plc
    USD 957,000,000.00
    MATURING: 20-Dec-2030
    ISSUE DATE: 25-Jan-2006
    ISIN: US38741YBH18

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Jan-2006 TO 20-Feb-2006 HAS BEEN FIXED AT 5.363000 PCT

DAY BASIS 29/360

INTEREST PAYABLE VALUE 20-Feb-2007 WILL AMOUNT TO:
USD 206.95 PER USD 47,930.07 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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