Director Shareholding

National Grid Transco PLC
13 November 2002


National Grid Transco plc (NGT)

13 November 2002



QUALIFYING EMPLOYEE SHARE OWNERSHIP TRUST (Quest)

(Notification of Directors' Interests pursuant to Section 324(2)

of the Companies Act 1985)

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On 12 November 2002, each of the following Executive Directors of NGT: E M
Astle, S J Holliday, R P Sergel and R J Urwin, technically ceased to be
interested in 67,626 NGT Ordinary shares, by virtue of the Quest transferring
the shares to employees.

(Note: For Companies Act purposes, the Executive Directors named above are
deemed to have a technical interest in the shares held in NGT'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 (020 7004 3226).


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