Medium Term Note Programme

National Grid Transco PLC
11 August 2003


Date: 11 August 2003

                           National Grid Transco plc

                        EURO MEDIUM TERM NOTE PROGRAMME



National Grid Transco plc announces that it has today issued EUR 75,000,000
Floating Rate Instruments due 11 August 2005 Series No 6 Tranche No 1, as part
of its EUR 4,000,000,000 Euro Medium Term Note Programme.



Enquiries:

Andrew Kluth [phone]


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