33UD Nat.gas.t1.7762

    

National Grid Gas PLC


As Agent Bank, please be advised of the following rate determined on:17-Jan-2007
Issue               : National Grid Gas PLC plc - Series 54
                      GBP 100,000,000 Index - Linked FRN Due Aug 2037
ISIN Number         : XS0291522091
Common Code /         29152209
144A ISIN
Issue Nomin     GBP : 100,000,000.00
Period              : 28-Mar-2007 to 28-Aug-2007  Payment Date 28-Aug-2007
Number of Days      : 156
Rate                : 1.81378
Denomination    GB  : 100,000.00     100,000,000.
Amount Payable
per Denomination    : 924.67       924,672.16

Rate Fix Desk             Telephone   44 1202 689580
Corporate Trust Services  Facsimile   44 1202 689601

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