41BB Nat.grid1.797%

    

National Grid Electricity Transmission




As Agent Bank, please be advised of the following rate determined on: 17-Dec-2007

Issue               : National Grid Electricity Transmission - Series 34
                      GBP 50,000,000.00 Index Linked FRN Due 14 July 2056
ISIN Number         : XS0259916566
Common Code/        : 25991656
144A ISIN
Issue Nomin     GBP : 50,000,000.00
Period              : 16-Jul-2007 to 14-Jan-2008          Payment Date 14-Jan-2008
Number of Days      : 182
Rate                : 1.90858
Denomination GBP    : 50,000.00

Amount Payable
per Denomination    : 477.15

Bank of New York
Rate Fix Desk                           Telephone 44 1202 689580
Institutional Trust Services  Facsimille          44 1202 689601

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