Medium Term Note Programme

National Grid Transco PLC
01 June 2005

                           National Grid Transco plc

                        EURO MEDIUM TERM NOTE PROGRAMME

National Grid Transco plc announces that it has today issued USD 75,000,000
4.565% Fixed Rate Instruments due 30 June 2015 Series No 1, as part of the
National Grid Transco plc and National Grid Company plc EUR 6,000,000,000 Euro
Medium Term Note Programme.

1 June 2005


Contact: Andrew Kluth (Tel: [phone])


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