36JM Nat.grid Inst35

    


National Grid Electricity Transmission Plc



As Agent Bank, please be advised of the following rate determined on: 17-Oct-2008
Issue              � National Grid Electricity Transmission Plc - Series 24
                     GBP 50,000,000.00 RPI_Linked Fixed Rate Instrument FRN Due 23-Nov-2035
ISIN Number        � XS0236362470
Common Code / 144A � 23636247
 ISIN
Issue Nomin GBP    � 50,000,000.00
Period             � 23-Nov-2008 to 23-May-2009            Payment Date 23-May-2009
Number of Days     � 181
Rate               � 2.06637
Denomination GBP   � 50,000.00             � 50,000,000.00        �

Amount Payable per � 516.59                � 516,592.50           �
 Denomination

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

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