Holmes Master Issuer (2007-3)

This issue will be the fourth to use the Holmes Master Issuer plc programme, and the first issuance
for 3mnths off a UK prime Master programme (granite 2007-3). As at the closing date, the Trust is
expected to contain around Stg40bln of mortgage loans.

The initial pool (transaction substitution is allowed) remains of good credit quality, with a weighted
average original LTV of this initial pool of approx 64.59%, average seasoning of the loans in the
pool being 38.54 months.


Compare/contrast: Holmes Master 2007-2, Granite Master 2007-3
Holmes Master Issuer (2007-2)Granite Master Issuer plc Series 2007-3