FRN Variable Rate Fix

As Agent Bank, please be advised of the following rate determined on: 1/28/2025
Issue	¦ National Grid Electricity Transmission Plc - Series 17 GBP 25,000,000 RPI Linked inst. due 28 Aug 2035
ISIN Number	¦ XS0228776588
ISIN Reference	¦ 22877658
Issue Nomin GBP	¦ 25000000
Period	¦ 2/28/2025 to 8/28/2025						Payment Date 8/28/2025
Number of Days	¦ 181
Rate	¦ 4.28481
Denomination GBP	¦ 1000			¦ 25000000					¦
Amount Payable per Denomination	¦ 21.42			¦ 535601.25					¦
Bank of New York
Rate Fix Desk	Telephone						¦ 44 1202 689580
Corporate Trust Services		Facsimile					¦ 44 1202 689601

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