REG-National Grid Gas PLC FRN Variable Rate Fix

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Tue Mar 24, 2009 12:44pm EDT 

LONDON--(Business Wire)--

 As Agent Bank, please be advised of the following rate determined on: 17/03/09                                                                   
 Issue                            | National Grid Gas Plc - Series 53 - GBP 50,000,000 Index-Linked FRN Due 16 April 2037                        
                                                                                                                                                 
 ISIN Number                      | XS0291309226                                                                                                 
 ISIN Reference                   | 29130922                                                                                                     
 Issue Nomin GBP                  | 50,000,000                                                                                                   
 Period                           | 16/04/09 to 16/10/09                                              Payment Date 16/10/09                    
 Number of Days                   | 183                                                                                                          
 Rate                             | 1.87885078085                                                                                               
 Denomination GBP                 | 50,000                  | 50,000,000                                                        |            
                                                                                                                                                
 Amount Payable per Denomination  | 469.71                  | 469,712.70                                                        |            
                                                                                                                                                
 Bank of New York                                                                                                                               
 Rate Fix Desk                                               Telephone                               | 44 1202 689580                         
 Corporate Trust Services                                     Facsimile                               | 44 1202 689601                         


National Grid Gas PLC 

Copyright Business Wire 2009
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