50JF Nat.gas.t1.7744

    


National Grid Gas Plc

As Agent Bank, please be advised of the following rate determined on:
17-Mar-2008

Issue                :National Grid Gas Plc - Series 55
                      GBP 100,000,000 FRN Due 04 Apr 2039
ISIN Number          :XS0293033717
Common Code/         :29303371
144A ISIN
Issue Nomin GBP      :100,000,000.00
Period               :04-Apr-2008 to 06-Oct-2008      Payment Date 06-Oct-2008
Number of Days       :185
Rate                 :1.88307
Denomination GB      :50,000.00      100,000,000.00

Amount Payable
per Denomination     :470.77          48,018,285.00

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

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