Sale of Basslink

National Grid PLC
31 August 2007


31 August 2007

                               National Grid plc

                                SALE OF BASSLINK


National Grid is pleased to announce that it has completed the sale of its
Basslink electricity interconnector in Australia.


Contacts


National Grid:


Investors

David Rees                   [phone]          [phone] (m)

Richard Smith                [phone]          [phone] (m)

James Waite                  [phone]          [phone] (m)


Media

Clive Hawkins                [phone]          [phone] (m)


Brunswick:

Paul Scott                   [phone]          [phone](m)


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