TIDM83GG 
 
 
As Agent Bank, please be advised of the following rate determined  on: 15/04/09 
Issue                            ¦ National Grid Electricity Transmission plc - Series 48 - GBP  150,000,000 Index-Linked FRN Due 2 May 2039 
ISIN Number                      ¦ XS0294583322 
ISIN Reference                   ¦ 29458332 
Issue Nomin GBP                  ¦ 150,000,000 
Period                           ¦ 02/05/09 to 02/11/09    Payment Date 02/11/09 
Number of Days                   ¦ 184 
Rate                             ¦ 1.97033 
Denomination GBP                 ¦ 50,000  ¦ 150,000,000      ¦ 
Amount Payable per Denomination  ¦ 492.58  ¦ 1,477,747.50     ¦ 
Bank of New York 
Rate Fix Desk                             Telephone         ¦ 44 1202 689580 
Corporate Trust Services                   Facsimile        ¦ 44 1202 689601 
 
 
 
 
 

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