Granite Master Issuer



Re:  Granite Master Issuer Plc
     USD 36,300,000.00
     MATURING: 20-Dec-2054
     ISIN: US38741YAU38

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Aug-2008 TO 20-Nov-2008 HAS BEEN FIXED AT 3.09 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 20-Nov-2008 WILL AMOUNT TO:
USD 424.92 PER USD 53,810.22 DENOMINATION
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