TIDM41WV 
 
 
As Agent Bank, please be advised of the following rate determined  on: 16/01/09 
Issue                            � National Grid Gas Plc - Series 48 - GBP 100,000,000 Index Linked  FRN Due 20 Feb 2037 
ISIN Number                      � XS0286452015 
ISIN Reference                   � 28645201 
Issue Nomin GBP                  � 100,000,000 
Period                           � 20/02/09 to 20/08/09    Payment Date 20/08/09 
Number of Days                   � 181 
Rate                             � 2.0548 
Denomination GBP                 � 50,000  � 100,000,000      � 
Amount Payable per Denomination  � 513.70  � 1,027,400.00     � 
Bank of New York 
Rate Fix Desk                             Telephone         � 44 1202 689580 
Corporate Trust Services                   Facsimile        � 44 1202 689601
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