65JD Granite Mas.a1

    Granite Master Issuer Plc

RE: Granite Master Issuer Plc 
    USD 1,326,300,000.00
    MATURING: 20/Jun/2030
    ISSUE DATE: 21/Sep/2005
    ISIN: US38741YAN94

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Sep/2006 TO 20/Oct/2006 HAS BEEN FIXED AT 5.360000 PCT.

DAY BASIS 30/360

INTEREST PAYABLE VALUE 20/Oct/2006 WILL AMOUNT TO
USD 166.95 PER USD 37,376.96 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.

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