Director Shareholding

National Grid Group PLC
27 October 2000


National Grid Group plc (National Grid)


National Grid 1996 EMPLOYEE BENEFIT TRUST (ESOP)
(Notification Of Directors' Interests pursuant to Section 
324(2) of the Companies Act 1985)


National Grid today received a further notification 
from the ESOP Trustee; that each of the Executive Directors 
of National Grid (S J Box, D H Jones, R P Sergel and R J Urwin) 
had ceased to be technically interested in 26,480 NGG Ordinary shares, 
by virtue of the Trustee having transferred the shares to an employee 
in an exercise on 26 October 2000.

(Note: For Companies Act purposes, the Executive Directors of National Grid
are deemed to have a technical interest in the shares held by National Grids'
ESOP, together with all participating employees. The interest ceases when
shares are transferred to participants by the exercise of executive share
options or under another employees' share scheme.)

Contact: D C Forward, Assistant Secretary (020 7312 5860)