National Grid Electricity Transmission Plc

As Agent Bank, please be advised of the following rate determined on:17-Jan-2006
Issue           : National Grid Electricity Transmission Plc - Series 17
                  GBP 25,000,000 RPI Linked Fixed Rate Instruments 28 Aug 2035
ISIN Number     : XS0228116588 
Common Code
/ 144A ISIN     : 22877658 
Issue Nomin GBP : 25,000,000.00 
Period          : 29-Aug-2006 to to  28-Feb-2007  Payment Date 28-Feb-2007 
Number of Days  : 183
Rate            : 2.16917956818
Denomination GB : 50,000.00             25,000,000.00
Amount Payable 
per Denomination: 542.29                271,147.45

Institutional Telephone 44(0) 1202 32 8226
Trust Services Facsimile 44(0) 1202 34 7939
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