73ND Nat.grid2.228%

    

National Grid Electricity Transmission plc



As Agent Bank, please be advised of the following rate determined on: 17-May-2007

Issue               : National Grid Gas plc - Series 16
                      GBP 50,000,000.00 Index Linked FRN Due 28 Jun 2035
ISIN Number         : XS0223274613
Common Code/        : 22327461
144A ISIN
Issue Nomin     GBP : 50,000,000.00
Period              : 28-Jun-2007 to 28-Dec-2007          Payment Date 28-Dec-2007
Number of Days      : 183
Rate                : 2.42646
Denomination GBP    : 50,000.00         50,000,000.00

Amount Payable
per Denomination    : 606.62            606,615.00

JPMorgan Chase Bank
Rate Fix Desk                           Telephone 44 1202 689580
Institutional Trust Services  Facsimille          44 1202 689601

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