National Grid Electricity Transmission Plc


As Agent Bank, please be advised of the following rate determined on:14-Jan-2008

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-Feb-2008 to 28-Aug-2008       Payment Date 28-Aug-2008
Number of Days      : 182
Rate                : 2.30468
Denomination    GB  : 50,000.000            25,000,000.00
Amount Payable
per Denomination    : 576.17                288,085.00

Institutional       Telephone   44(0) 1202 32 6660
Trust Services      Facsimile   44(0) 1202 34 7939



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