Director Shareholding

National Grid Group PLC
15 January 2001

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)
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National Grid on 12 January 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 59,079 NGG Ordinary shares, by virtue of
the Trustee having transferred the shares to
participants on 11 January 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)