TIDMNG.

RNS Number : 3939C

National Grid PLC

07 February 2020

7 February 2020

National Grid plc (National Grid)

Notification of Major Interest in National Grid Ordinary Shares

National Grid has received a notification on Form TR-1 from Competrol International

Investments Limited that its total interest in National Grid voting ordinary shares is as shown

below.

 
 1a. Identity of the issuer or the                             National Grid plc 
  underlying issuer of existing shares 
  to which voting rights are attached(i) 
  : 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                      ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights 
                                                                                                      ---- 
 An acquisition or disposal of financial instruments                                                    X 
                                                                                                      ---- 
 An event changing the breakdown of voting rights 
                                                                                                      ---- 
 Other (please specify): 
                                                                                                      ---- 
 3. Details of person subject to the notification obligation 
 Name                                                          Competrol International Investments 
                                                                Limited 
 City and country of registered office                         Tortola, British Virgin Islands 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) 
 Name 
                                                              -------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                              -------------------------------------------- 
 5. Date on which the threshold was                            6 February 2020 
  crossed or reached: 
                                                              -------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):                7 February 2020 
                                                              -------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting        % of voting rights    Total of both   Total number 
                             rights attached      through financial     in % (8.A +     of voting rights 
                            to shares (total         instruments            8.B)        of issuer 
                                of 8. A)            (total of 8.B 
                                                     1 + 8.B 2) 
                          -------------------  ---------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                       -                    2.97               2.97           3,508,270,045 
                          -------------------  ---------------------  --------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)                      -                    3.38               3.38 
                          -------------------  ---------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights(ix)                               % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                            Direct                      Indirect                       Direct                  Indirect 
                      (Art 9 of Directive          (Art 10 of Directive          (Art 9 of Directive     (Art 10 of Directive 
                          2004/109/EC)                 2004/109/EC)             2004/109/EC) (DTR5.1)        2004/109/EC) 
                            (DTR5.1)                    (DTR5.2.1)                                            (DTR5.2.1) 
                                             ------------------------------ 
 
 
 
 SUBTOTAL 8. A 
                   --------------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration      Exercise/                          Number of voting                  % of voting 
 financial           date            Conversion                         rights that may                   rights 
 instrument                          Period                             be acquired if 
                                                                        the instrument 
                                                                        is 
                                                                        exercised/converted. 
                   --------------  ---------------------------------  --------------------------------  --------------------- 
 Total Return       27 February 
  Equity Swap        2020                          -                   28,651,544                                0.82 
                   --------------  ---------------------------------  --------------------------------  --------------------- 
 
                     SUBTOTAL 8. 
                      B 1                                              28,651,544                                0.82 
                    ---------------------------------                 --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration           Exercise/               Physical or            Number of             % of voting 
 financial      date                 Conversion              cash                   voting rights         rights 
 instrument                          Period                  settlement 
              -------------------  ----------------------  ---------------------  -------------------- 
 Total 
  Return 
  Equity       27 February 
  Swaps         2020                          -                     Cash           75,469,153                    2.15 
              -------------------  ----------------------  ---------------------  -------------------- 
                                              - 
              -------------------  ----------------------  ---------------------  -------------------- 
                                               SUBTOTAL 8.B.2                      75,469,153                    2.15 
                                              ----------------------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer 
 Full chain of controlled undertakings through which the voting rights                        X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (please add additional 
  rows as necessary) 
            Name                 % of voting       % of voting rights       Total of both if 
                                 rights if it       through financial        it equals or is 
                                 equals or is       instruments if it        higher than the 
                                  higher than      equals or is higher     notifiable threshold 
                                the notifiable     than the notifiable 
                                   threshold            threshold 
                              -----------------  ---------------------  ------------------------ 
 Olayan Investments Company 
  Establishment                -                  2.97                   2.97 
                              -----------------  ---------------------  ------------------------ 
 Competrol Establishment       -                  2.97                   2.97 
                              -----------------  ---------------------  ------------------------ 
 Competrol International 
  Investments Limited          -                  2.97                   2.97 
                              -----------------  ---------------------  ------------------------ 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                 ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                                 ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                 ----------------------------------------------- 
 
 11. Additional information(xvi) 
 Baker McKenzie LLP 
 
  Eugene Budkevich 
 
  020 7919 1066 
 
 
 
 Place of completion   London, UK 
 Date of completion    7 February 2020 
                      ---------------- 
 

This notice is in compliance with National Grid's obligations under the Disclosure and Transparency Rules.

Zoë Burnell

Company Secretarial Assistant

020 7004 3227

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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