ESOP Operation

National Grid Group PLC
9 April 2002

National Grid Group plc (National Grid)

9 April 2002

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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 received a further notification from the ESOP Trustee;
that each of the Executive Directors of National Grid (E M Astle, S J Box, W E
Davis, S J Holliday, R P Sergel and R J Urwin) ceased to be technically
interested in 9,298 NGG Ordinary shares on Friday 5 April 2002, 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 Grid's
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)



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