Granite Master Issuer


Re:  Granite Master Issuer Plc
     GBP 950,000,000.00
     MATURING: 20-Dec-2054
     ISIN: XS0240603653

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Feb-2008 TO 20-May-2008 HAS BEEN FIXED AT 5.772500 PCT

DAY BASIS: ACTUAL/365(PROP)

INTEREST PAYABLE VALUE 20-May-2008 WILL AMOUNT TO:
GBP 1,419.47 PER GBP 100,000.00 DENOMINATION
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