Re:                                                                                               Granite Master Issuer
Plc
                                                                                                   GBP 60000000
                                                                                                   MATURING: 17-Dec-2054
                                                                                                   ISIN: XS0298984641
                                                                                                                            
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 17-Dec-2008 TO 19-Jan-2009 HAS BEEN FIXED AT 2.882500 PCT
  
 DAY BASIS: ACTUAL/365(PROP)
  
 INTEREST PAYABLE VALUE 19-Jan-2009 WILL AMOUNT TO:
 GBP 260.29 PER GBP 100000 DENOMINATION
    
    


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