National Grid Company Plc




RE: THE NATIONAL GRID COMPANY PLC
    GBP 50,000,000.00
    MATURING: 08-Jul-2032
    ISSUE DATE: 08-Jul-2002
    ISIN: XS0150038395

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
08-Jul-2007 TO 08-Jan-2008 HAS BEEN FIXED AT 3.346030 PCT

DAY BASIS 180/360

INTEREST PAYABLE VALUE 08-Jan-2008 WILL AMOUNT TO:
GBP 836,507.50 PER GBP 50,000,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855
FAX: 44 20 7508 3866
Email: rate.fixing@citigroup.com
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