90ZQ Nat.gas.t36

    

NATIONAL GRID GAS PLC




As Agent Bank, please be advised of the following rate determined on: 17-Nov-2006

Issue               : National Grid Gas plc - Series 43
                      GBP 300,000,000.00 Index Linked FRN Due 17 Oct 2036
ISIN Number         : XS0270621138
Common Code/        : 027062113
144A ISIN
Issue Nomin     GBP : 300,000,000.00
Period              : 17-Oct-2006 to 17-Apr-2007          Payment Date 17-Apr-2007
Number of Days      : 182
Rate                : 1.78521
Denomination GBP    : 300,000,000.00

Amount Payable
per Denomination    : 2,677,815.00

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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