74XZ Nat.gas.t 37

    

National Grid Gas plc


As Agent Bank, please be advised of the following rate determined on: 16-Apr-2007

Issue               : National Grid Gas Plc - Series 50
                      GBP 50,000,000.00 Index Linked FRN Due 01-May-2037
ISIN Number         : XS0289189093
Common Code/        : 28918909
144A ISIN
Issue Nomin     GBP : 50,000,000.00
Period              : 01-Mar-2007 to 01-Nov-2007          Payment Date 01-Nov-2007
Number of Days      : 245
Rate                : 1.94906
Denomination GBP    : 50,000.00                   50,000,000.00

Amount Payable
per Denomination    : 651.48            651,481.38

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

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