Director Shareholding

National Grid Group PLC
30 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 has received a further
notification from the ESOP Trustee; that each
of the Executive Directors of National Grid
(S J Box, S J Holliday, D H Jones, R P Sergel and R J Urwin)
have become technically interested in 364,421
NGG Ordinary shares, by virtue of the Trustee
having acquired the shares today and those Directors
being potential beneficiaries under the ESOP.

(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)