SEC-Registered Securities

National Grid PLC
24 July 2006

                              National Grid plc

                           SEC-REGISTERED SECURITIES


National Grid plc announces that it has today issued USD 1,000,000,000 Fixed
Rate 6.30% Notes due 1 August 2016.


This notice does not constitute an offer of any securities which will only be
made pursuant to the prospectus dated 19 July 2006 filed with the US Securities
and Exchange Commission.


24 July 2006



Contact:  Andrew Kluth (Tel: [phone])


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