Sharesave Grant

National Grid Transco PLC
19 December 2002

19 December 2002

National Grid Transco plc (NGT)

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Directors' Interests

(Sharesave Scheme - Grant of options)

Options were granted to eligible group employees under the Employee Sharesave
Scheme today, in the first operation of the Scheme since the merger of National
Grid with Lattice Group. The following two executive directors were included;
Steve Holliday having cancelled the option over 3,692 shares granted to him by
National Grid in its 2001 Sharesave grant:

NGT Ordinary shares
at option price of 350p per share


Sharesave Option               Number of         Exercise                    Total interest
Granted To:                    NGT Shares        Period                      Now

Steve Holliday                  4,692            6 months from               344,434
                                                 1 March 2008

Steve Lucas                     2,700            6 months from               288,621
                                                 1 March 2006






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