41BB Nat.grid1.797%

    


National Grid Electricity Transmission



As Agent Bank, please be advised of the following rate determined on: 16-Jun-2008
Issue              � National Grid Electricity Transmission plc - Series 34
                     GBP 50,000,000.00 Index Linked FRN Due 14-Jul-2056
ISIN Number        � XS0259916566
Common Code / 144A � 25991656
 ISIN
Issue Nomin GBP    � 50,000,000.00
Period             � 14-Jan-2008 to 14-Jul-2008            Payment Date 14-Jul-2008
Number of Days     � 182
Rate               � 1.915625
Denomination GBP   � 50,000.00             �                      �

Amount Payable per � 489.06                �                      �
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601

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