Granite Master Issuer

RE: Granite Master Issuer Plc CLASS A2
    GBP 200,000,000.00
    MATURING: 20/Jun/2030
    ISSUE DATE: 25/May/2005
    ISIN: XS0220176084

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21/Aug/2006 TO 20/Nov/2006 HAS BEEN FIXED AT 5.016880 PCT.

DAY BASIS 91/365

INTEREST PAYABLE VALUE 20/Nov/2006 WILL AMOUNT TO
GBP 297.61 PER GBP 23,794.00 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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