Quest Operation

National Grid Transco PLC
25 October 2002


National Grid Transco plc (NGT)
25 October 2002


QUALIFYING EMPLOYEE SHARE OWNERSHIP TRUST (Quest)

(Notification of Directors' Interests pursuant to Section 324(2)
of the Companies Act 1985)
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Today, each of the following Executive Directors of NGT: E M Astle, S J
Holliday, R P Sergel and R J Urwin, technically ceased to be interested in
13,345 NGT Ordinary shares, by virtue of the Quest transferring the shares to
employees.

(Note: For Companies Act purposes, the Executive Directors named above are
deemed to have a technical interest in the shares held in NGT's Quest, together
with all participating employees. The interest ceases when shares are
transferred to participants who exercise their Sharesave scheme options.)

Contact: D C Forward, Assistant Secretary (0207 312 5860).


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