NATIONAL GRID GAS PLC



As Agent Bank, please be advised of the following rate determined on: 15-Sep-2008
Issue              ๏ฟฝ National Grid Gas PLC - Series 43
                     GBP 300,000,000.00 Index Linked FRN Due 17-Oct-2036
ISIN Number        ๏ฟฝ XS0270621138
Common Code / 144A ๏ฟฝ 027062113
 ISIN
Issue Nomin GBP    ๏ฟฝ 300,000,000.00
Period             ๏ฟฝ 17-Apr-2008 to 17-Oct-2008            Payment Date 17-Oct-2008
Number of Days     ๏ฟฝ 182
Rate               ๏ฟฝ 1.91575
Denomination GBP   ๏ฟฝ 300,000,000.00        ๏ฟฝ                      ๏ฟฝ

Amount Payable per ๏ฟฝ 2,873,625.00          ๏ฟฝ                      ๏ฟฝ
 Denomination

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



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