74WI Nat.gas.t1.7712

    

National Grid Gas plc


As Agent Bank, please be advised of the following rate determined on:17-Aug-2006

Issue               : National Grid Gas plc - Series 46
                      GBP 25,000,000 Index Linked FRN due 30 Mar 2037
ISIN Number         : XS0281936889
Common Code /         28193688
144A ISIN
Issue Nomin     GBP : 25,000,000.00
Period              : 26-Jan-2007 to 30-Mar-2007  Payment Date 30-Mar-2007
Number of Days      : 63
Rate                : 1.77836722305
Denomination    GB  : 50,000.00        25,000,000.0

Amount Payable
per Denomination    : 154.75           77,373.71

Institutional       Telephone   44(0) 1202 32 8236
Trust Services      Facsimile   44(0) 1202 34 7939

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