FRN Variable Rate Fix
20 April 2007 - 6:10PM
UK Regulatory
National Grid Electricity Transmission PLC
As Agent Bank, please be advised of the following rate determined on: 18-Sep-2006
Issue : National Grid Electricity Transmission - Series 23
GBP 25,000,000.00 RPI Index Linked FRN Due 17-Oct-2035
ISIN Number : XS0232785021
Common Code/ : 23278502
144A ISIN
Issue Nomin GBP : 25,000,000.00
Period : 17-Oct-2006 to 17-Apr-2007 Payment Date 17-Apr-2007
Number of Days : 182
Rate : 2.0959076
Denomination GBP : 50,000.00
Amount Payable
per Denomination : 523.98
JPMorgan Chase Bank
Rate Fix Desk Telephone 44 (0) 1202 32 8226
Institutional Trust Services Facsimille 44 (0) 1202 34 7939
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