Acquisition of CCUK

National Grid Transco PLC
16 August 2004


16 August 2004


         OFFICE OF FAIR TRADING APPROVAL OF CROWN CASTLE UK ACQUISITION

National Grid Transco plc ('NGT') is pleased to note today's announcement by the
Office of Fair Trading ('OFT') relating to NGT's proposed acquisition of the UK
operations of Crown Castle International, Inc..

The OFT has confirmed that it will not refer the acquisition to the Competition
Commission. Completion of the transaction is subject to a number of conditions
precedent, not all of which have yet been satisfied.

NGT expects to complete the transaction on or before 30 September 2004.

Contact details

National Grid Transco:
Investors
Alexandra Morton        [phone]      [phone](m)
Terry McCormick         [phone]      [phone](m)
Louise Clamp            [phone]      [phone](m)

Media
Clive Hawkins           [phone]      [phone]

Citigate Dewe Rogerson  [phone]
Anthony Carlisle        [phone](m)



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