GRANITE MASTER ISSUER PLC SERIES 2006-1

Whinstone Capital 2 Management Limited. Tender Instructions will be irrevocable except in the limited circumstances described in the Tender Offer Memorandum. Final deadline for receipt of valid Tender Instructions by the Tender Agent in order for Noteholders to be able to participate in the Offers. The Purchase Price for each Series and Class will not be less than the minimum purchase price for such Series and Class set out in the table above each a Minimum Purchase Price , and will otherwise be the lowest price for such Series and Class that will allow the relevant Offeror to accept for purchase the relevant Series and Class Acceptance Amount. Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Tender Offer Memorandum. Under the Modified Dutch Auction Procedure, the relevant Offeror will determine, in its sole discretion, following expiration of the relevant Offer, the aggregate principal amount outstanding of Notes if any of each Series and Class it will accept for purchase pursuant to the relevant Offer each such amount, a Series and Class Acceptance Amount and a single and separate purchase price for each Series and Class expressed as a percentage of the principal amount of Notes of such Series and Class the Purchase Price at which it will purchase Notes of such Series and Class validly tendered pursuant to the relevant Offer s , taking into account the aggregate principal amount outstanding of Notes of each Series and Class so tendered and the prices at which such Notes were so tendered.

The Notes represent a total principal amount outstanding of approximately GBP2, million equivalent. Series 3 Class C. The deadlines set by any such intermediary and by each Clearing System for the submission of Tender Instructions will be earlier than the relevant deadlines specified above. In those jurisdictions where the securities, blue sky or other laws require an Offer to be made by a licensed broker or dealer and one or more of the Dealer Managers or any of their respective affiliates is such a licensed broker or dealer in any such jurisdiction, such Offer shall be deemed to be made by such Dealer Manager s or such affiliate s , as the case may be, on behalf of the relevant Offeror in such jurisdiction. In addition, the communication of the Tender Offer Memorandum and any other documents or materials relating to the Offers has not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act the FSMA. Expected Timetable of Events The times and dates below are indicative only. Whinstone Capital Management Limited. Ineligible Italian Investors may not tender Notes in any Offer and neither the Tender Offer Memorandum nor any other documents or materials relating to the Offers or the Notes may be distributed or made available to Ineligible Italian Investors.

In addition to the representations referred to above in respect of the United States, each Noteholder participating in an Offer will also be deemed to give certain representations in respect of the other jurisdictions referred to above and generally as set out in ” Procedures for Participating in the Offers ” in the Tender Offer Memorandum.

  HUM BOLEGA TO BOLOGE KI BOLTA HAI MOVIE NAME

Granite Master Issuer PLC – Noteholder Meeting Amendment Notice

In those jurisdictions where the securities, blue sky or other laws require an Offer to be made by a licensed broker or dealer and one or more of the Dealer Managers or any of their respective affiliates is such a licensed broker or dealer in any such jurisdiction, such Offer shall be deemed to maser made by such Dealer Manager grxnite or such affiliate sas the case may be, on behalf of the relevant Offeror in such jurisdiction.

Ineligible Italian Investors may not tender Notes in any Offer and neither the Tender Offer Memorandum nor any other documents or materials relating to the Offers or the Notes may be distributed or made available to Ineligible Italian Investors. Series Class 3C1. For information on how to participate in the Offers, including information on competitive and non-competitive tenders instructions, investors should read the Tender Offer Memorandum and in particular the garnite headed ” Tender Instructions ” and ” Procedures for Participating in the Offers “.

Accordingly, copies of the Tender Offer Memorandum and any other documents or materials relating to the Offers are not being, and must not be, directly or indirectly mailed or otherwise transmitted, distributed or forwarded including, without limitation, by custodians, nominees or trustees in or into the United States or to any persons located or resident in the United States. The Offers are being carried out in Italy as exempted offers pursuant to article bis, paragraph 3-bis of the Legislative Decree No.

Series 1 Class C2.

TEXT-Fitch cuts 3 Granite & 2 Paragon remarketable notes’ short-term ratings

Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to tender such Notes pursuant to the Offers. The Notes may not be tendered in the Offers by any such use, means, instrumentality or facility from or within the United States or by persons located or resident in the United States.

Series 3 Class C1. Series Class C3. Whinstone Capital 2 Management Limited. Neither this announcement nor the Tender Offer Seriex constitutes an invitation to yranite in any Offer in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws.

Accordingly, the information contained in the Tender Offer Memorandum may not be used for any other purpose or disclosed to any other graite in Belgium. Aire Valley Mortgages plc. Notes can only be tendered in the Offers via Euroclear Bank S.

Expected settlement date for the Offers. Whinstone Capital Management Limited. Noteholders are advised to read carefully the Tender Offer Memorandum, including the section ” Risk Factors and Other Considerations ” therein, for full details of and information on the procedures for participating in any Offer.

  FILM KAHLSCHLAG WILLI HERREN

Commencement of the Offers Offers announced. Liability Management Group Email: Holders or beneficial owners of the Notes that are located in Italy and qualify as qualified investors investitori qualificati can tender Notes for purchase sreies authorised persons such as investment firms, banks or financial intermediaries permitted to conduct such activities in the Republic of Italy in accordance with the Financial Services Act, CONSOB Regulation No.

Neither Offeror will accept for purchase any relevant Notes tendered at prices greater than the Purchase Aeries for the relevant Series and Class. The Offers are not being made, and will not be made, directly or indirectly garnite or into, or by use of the mails of, or by any seeries or instrumentality of interstate or foreign commerce of or of any facilities of a national securities exchange of, the United States.

Expiration Deadline Final deadline for receipt of valid Tender Instructions by the Tender Agent in order for Noteholders to be able to participate in the Offers.

Completion of sale of mortgage loans – Granite Master Issuer PLC

This announcement and the Tender Offer Memorandum contain important information which should be read carefully before any decision is made with respect to the Offers. The Purchase Price for each Series and Mastee will not be less than the minimum purchase price for such Series and Class set out in the table above each a Minimum Purchase Priceand will otherwise be the lowest price for such Series and Class that will allow the relevant Offeror to accept for purchase the relevant Series and Class Acceptance Amount.

Series Class 3C3. Copies of the Tender Offer Memorandum are subject to distribution restrictions available from isauer Dealer 206-1 and the Tender Agent as set out below. Settlement Date Expected settlement date for the Offers. Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Tender Offer Memorandum. The deadlines set by any granitr intermediary and by each Clearing System for the submission of Tender Instructions will be earlier than the relevant deadlines specified above.

Series 2 Class C1. Series 2 Class C2.

Series Class C4. If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice, including in respect of any tax consequences, immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser. Tender Instructions For information on how to participate in the Offers, including information on competitive and non-competitive tenders instructions, investors should read the Tender Offer Memorandum and in particular the sections headed ” Tender Instructions ” and ” Procedures for Participating in the Offers “.