REG-NATIONAL GRID PLC FRN Variable Rate Fix

* Reuters is not responsible for the content in this press release.

Tue Jan 15, 2008 9:30am EST 

LONDON--(Business Wire)--
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As Agent Bank, please be advised of the following rate determined on: 18-Dec-2007

Issue               : National Grid plc - Series 26
                      AUD 50,000,000.00 FRN Due 18 Mar 2016
ISIN Number         : XS0248330200
Common Code/        : 248330220
144A ISIN
Issue Nomin     AUD : 50,000,000.00
Period              : 18-Dec-2007 to 18-Mar-2008          Payment Date 18-Mar-2008
Number of Days      : 91
Rate                : 7.9517
Denomination AUD    : 1,000,000.00                50,000,000.00

Amount Payable
per Denomination    : 19,824.79                   991,239.32

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

Copyright Business Wire 2008
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