73ND Nat.grid2.228%

    

National Grid Electricity Transmission plc




As Agent Bank, please be advised of the following rate determined on: 16-Nov-2007

Issue               : National Grid Company 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-Dec-2007 to 28-Jun-2008          Payment Date 30-Jun-2008
Number of Days      : 180
Rate                : 2.46781
Denomination GBP    : 50,000.00         50,000,000.00

Amount Payable
per Denomination    : 616.95            616,952.50

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

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