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
20-Nov-2006 TO 20-Feb-2007 HAS BEEN FIXED AT 5.275000 PCT

DAY BASIS 92/365

INTEREST PAYABLE VALUE 20-Feb-2007 WILL AMOUNT TO:
GBP 139.74 PER GBP 10,510.24 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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