Granite Master Issuer


RE: Granite Master Issuer Plc
    USD 20,000,000.00
    MATURING: 20/Dec/2054
    ISSUE DATE: 25/Jan/2006
    ISIN: USG41441BJ76

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21/May/2007 TO 20/Aug/2007 HAS BEEN FIXED AT 5.530000 PCT

DAY BASIS 91/360

INTEREST PAYABLE VALUE 20/Aug/2007 WILL AMOUNT TO:
USD 1,397.86 PER USD 100,000.00 DENOMINATION.
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855
FAX: 44 (0)20 7508 3866
Email: rate.fixing@citigroup.com
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