National Grid Electricity Transmission Plc


As Agent Bank, please be advised of the following rate determined on:17-Apr-2007

Issue              : National Grid Electricity Transmission Plc - Series 24
                     GBP 50,000,000 RPI-Linked Fixed Rate Instrument 23 Nov 2035
ISIN Number        : XS0236362470
Common Code/       : 23636247
144A ISIN
Issue Nomin    GBP : 50,000,000.00
Period             : 23-May-2007 to 23-Nov-2007      Payment Date 23-Nov-2007
Number of Days     : 184
Rate               : 1.95323
Denomination   GB  : 50,000.00               50,000,000.0

Amount Payable
per Denomination    : 488.31                  488,307.50

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



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