Holding in Company

National Grid Group PLC
31 May 2001


National Grid Group plc ('National Grid')

Notification of Interest in National Grid
Ordinary Shares, Pursuant to Sections 198
to 202 of The Companies Act 1985
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National Grid yesterday received a
notification from Deutsche Bank AG London,
dated 29 May 2001, that Deutsche Bank AG
and its subsidiary companies have a
notifiable interest in 44,595,110 NGG
shares (3.00% of National Grid's issued
share capital).