REG-National Grid Electricity Transmission Plc FRN Variable Rate Fix

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Wed May 27, 2009 3:07am EDT 

LONDON--(Business Wire)--

 As Agent Bank, please be advised of the following rate determined on: 17/10/08                                                                                                   
 Issue                            | National Grid Electricity Transmission Plc - Series 24 - GBP 50,000,000 RPI -Linked Fixed Rate Instrument 23 Nov 2035                        
                                                                                                                                                                                 
 ISIN Number                      | XS0236362470                                                                                                                                 
 ISIN Reference                   | 23636247                                                                                                                                     
 Issue Nomin GBP                  | 50,000,000                                                                                                                                   
 Period                           | 23/11/08 to 23/05/09                                                                  Payment Date 23/05/09                                
 Number of Days                   | 181                                                                                                                                          
 Rate                             | 2.08701                                                                                                                                     
 Denomination GBP                 | 50,000                          | 50,000,000                                                                            |                
                                                                                                                                                                                
 Amount Payable per Denomination  | 521.75                          | 521,752.50                                                                            |                
                                                                                                                                                                                
 Bank of New York                                                                                                                                                               
 Rate Fix Desk                                                       Telephone                                           | 44 1202 689580                                     
 Corporate Trust Services                                             Facsimile                                           | 44 1202 689601                                     


National Grid Electricity Transmission Plc 

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