73ND Nat.grid2.228%

    


National Grid Electricity Transmission plc



As Agent Bank, please be advised of the following rate determined on: 15-May-2008
Issue              � National Grid Company plc - Series 16
                     GBP 50,000,000.00 Index Linked FRN Due 28 Jun 2035
ISIN Number        � XS0223274613
Common Code / 144A � 22327461
 ISIN
Issue Nomin GBP    � 50,000,000.00
Period             � 28-Jun-2008 to 28-Dec-2008            Payment Date 28-Dec-2008
Number of Days     � 180
Rate               � 2.52806
Denomination GBP   � 50,000.00             � 50,000,000.00

Amount Payable per � 632.02                � 632,015.00
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601

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