Director Shareholding

National Grid Group PLC
29 March 2001


National Grid Group plc (National Grid)
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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 yesterday and today received two further
notifications 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 8,049 NGG Ordinary shares on 27 March, and a
further 16,059 NGG Ordinary shares on 29 March,
by virtue of the Trustee having transferred the
shares to participants.

(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.)

One of National Grid's Directors, R J Urwin, was
the participant to whom 16,059 shares were
transferred on 29 March, on him exercising his
Sharematch options granted under the National
Grid Share Matching Scheme on 30 September 1997.
His total interest in NGG shares is unchanged.

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