National Grid Group PLC
21 December 2001
National Grid Group plc (National Grid)
National Grid QUALIFYING EMPLOYEE SHARE OWNERSHIP TRUST ('Quest')
(Notification Of Directors' Interests pursuant to Section 324(2)
of the Companies Act 1985)
Yesterday, each of the Executive Directors of National Grid
(E M Astle, S J Box, S J Holliday, R P Sergel and R J Urwin)
technically became interested in 11,129,533 NGG Ordinary
shares by virtue of the Quest being allotted the shares and
those Directors being potential beneficiaries under the Quest.
(Note: For Companies Act purposes, the Executive Directors of
National Grid are deemed to have a technical interest in the
shares held in National Grid's Quest, together with all participating
employees. The interest ceases when shares are transferred to
participants who exercise their Sharesave scheme options.)
Contact: D C Forward, Assistant Secretary (0207 312 5860)
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