Granite Master Issuer

RE: GRANITE MASTER ISSUER PLC
    EUR 300,000,000.00
    MATURING: 20/Apr/2031
    ISSUE DATE: 24/May/2006
    ISIN: XS0252419832

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Jul/2006 TO 20/Oct/2006 HAS BEEN FIXED AT 3.134000 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 20/Oct/2006 WILL AMOUNT TO:
EUR 709.85 PER EUR 88,630.33 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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