Granite Master Issuer PLC


Re:  Granite Master Issuer Plc
     USD 70000000
     MATURING: 20-Dec-2054
     ISIN: US38741YCE77

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21-Jul-2008 TO 20-Oct-2008 HAS BEEN FIXED AT 2.876250 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 20-Oct-2008 WILL AMOUNT TO:
USD 727.05 PER USD 100000 DENOMINATION
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