Director Shareholding

National Grid Group PLC
20 March 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)
---------------------------------------------------------

National Grid yesterday 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 14,598 NGG Ordinary
shares, by virtue of the Trustee having transferred the shares 
to a participant on 16 March 2001.

(Note: For Companies Act purposes, the Executive
Directors of National Grid are deemed to have a
technical interest in all 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)