Granite Master Issuer PLC



Re:  Granite Master Issuer Plc
     EUR 137000000
     MATURING: 20-Dec-2054
     ISIN: XS0268039699

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21-Jul-2008 TO 20-Oct-2008 HAS BEEN FIXED AT 5.458000 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 20-Oct-2008 WILL AMOUNT TO:
EUR 1379.66 PER EUR 100000 DENOMINATION
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