Holding(s) in Company

National Grid Transco PLC
19 January 2004

National Grid Transco plc ('NGT')

19 January 2004

Notification of Interest in NGT Ordinary Shares, Pursuant to Section 198 of The
Companies Act 1985

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NGT today received a notification from Franklin Resources, Inc. that, together
with affiliates, including Franklin Mutual Advisers, LLC and Templeton
Worldwide, Inc., it had a notifiable interest in 3.02% of NGT ordinary shares
(93,240,377 shares) at 16 January 2004.


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