74XZ Nat.gas.t 37

    


National Grid Gas plc



As Agent Bank, please be advised of the following rate determined on: 14-Apr-2008
Issue              � National Grid Gas plc - Series 50
                     GBP 50,000,000.00 Index-linked FRN Due 1 May 2037
ISIN Number        � XS0289189093
Common Code / 144A � 28918909
 ISIN
Issue Nomin GBP    � 50,000,000.00
Period             � 01-May-2008 to 03-Nov-2008            Payment Date 03-Nov-2008
Number of Days     � 186
Rate               � 2.02248
Denomination GBP   � 50,000.00             � 50,000,000.00

Amount Payable per � 505.62                � 505,620.00
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601

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