FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)--

Re:	Granite Master Issuer Plc
	USD 24,000,000.00
	MATURING: 20-Dec-2054
	ISIN: USG41441BM06
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Nov-2012 TO 20-Dec-2012 HAS BEEN FIXED AT 1.407500 PCT
DAY BASIS: ACTUAL/360
INTEREST PAYABLE VALUE 20-Dec-2012 WILL AMOUNT TO:
USD 117.29 PER USD 100,000.00 DENOMINATION