National Grid Electricity Transmission Plc

As Agent Bank, please be advised of the following rate determined on:
17-Mar-2008

Issue               : National Grid Electricity Transmission Plc - Series 28
                      GBP 50,000,000.00 UKRPI Linked Instruments Due 7 April 2036
ISIN Number         : XS0250104774
Common Code/        : 25010477
144A ISIN
Issue Nomin GBP     : 50,000,000.00
Period              : 07-Apr-2008 to 07-Oct-2008     Payment Date 07-Oct-2008
Number of Days      : 183
Rate                : 1.83817
Denomination GB     : 50,000.00      50,000,000.00

Amount Payable
per Denomination    : 459.54            459,542.50

Bank of New York
Rate Fix Desk                 Telephone   44 1202 689580
Institutional Trust Services  Facsimille  44 1202 689601



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