FRN Variable Rate Fix

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Name	Symbol	Market	Type
Granite Mas.m2s	LSE:73XT	London	Medium Term Loan

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%							0	-

FRN Variable Rate Fix

19/12/2008 10:57am

UK Regulatory

        
 Re:                                                                                             Granite Master Issuer
Plc
                                                                                                 USD 27000000
                                                                                                 MATURING: 20-Dec-2054
                                                                                                 ISIN: USG41441BL23
                                                                                                                          
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 22-Dec-2008 TO 20-Jan-2009 HAS BEEN FIXED AT 0.797500 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 20-Jan-2009 WILL AMOUNT TO:
 USD 64.24 PER USD 100000 DENOMINATION