Director Shareholding

National Grid Group PLC
26 March 2002



National Grid Group plc (National Grid)

26 March 2002

Notification of Directors' Interests

--------------------------------------------------------------------------------

The Trustee of the National Grid USA Incentive Thrift Plan notified National
Grid yesterday that Mr R P Sergels' interests in NGG shares were increased by
the following purchases:

89.97 Ordinary Share ADRs on 23 January 2002 at $32.41 per ADR; and 4.09
Ordinary Share ADRs on 25 January 2002 at $31.95 per ADR; and 87.98 Ordinary
Share ADRs on 27 February 2002 at $33.15 per ADR.



                      This information is provided by RNS
            The company news service from the London Stock Exchange