National Grid Electricity Transmission Plc



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


Issue               : National Grid Electricity Transmission Plc - Series 17

                      GBP 25,000,000 RPI Linked Fixed Rate Instruments 28 Aug
2035

ISIN Number         : XS0228776588

Common Code/

144A ISIN           : 22877658

Issue Nomin     GBP : 25,000,000.00

Period              : 28-Aug-2007 to 28-Feb-2008       Payment Date 28-Feb-2008

Number of Days      : 184

Rate                : 2.26534

Denomination    GB  : 50,000.000            25,000,000.00

Amount Payable

per Denomination    : 566.34                283,167.50


Institutional       Telephone   44(0) 1202 32 6660

Trust Services      Facsimile   44(0) 1202 34 7939
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