National Grid Electricity Transmission Plc


As Agent Bank, please be advised of the following rate determined on: 17-Oct-2006

Issue               : National Grid Electricity Transmission Plc - Series 24
                      GBP 50,000,000.00 RPI-Linked Fixed Rate Instrument 23 Nov 2036
ISIN Number         : XS0236362470
Common Code/        : 23636247
144A ISIN
Issue Nomin     GBP : 50,000,000.00
Period              : 23-Nov-2006 to 23-May-2007          Payment Date 23-May-2007
Number of Days      : 181
Rate                : 1.91213669289
Denomination GBP    : 50,000.00               50,000,000.00

Amount Payable
per Denomination    : 478.03                  478,034.17

JPMorgan Chase Bank
Rate Fix Desk                           Telephone 44 (0) 1202 32 8226
Institutional Trust Services  Facsimille          44 (0) 1202 34 7939



Nat.grid Inst35 (LSE:36JM)
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Nat.grid Inst35 (LSE:36JM)
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