FRN Variable Rate Fix

As Agent Bank, please be advised of the following rate determined on: 4/7/2025
Issue	¦ National Grid Electricity Transmission Plc - Series 28 GBP 50,000,000 UKRPI Linked inst. due 7 Apr 2036
ISIN Number	¦ XS0250104774
ISIN Reference	¦ 25010477
Issue Nomin GBP	¦ 50000000
Period	¦ 4/7/2025 to 10/7/2025						Payment Date 10/7/2025
Number of Days	¦ 183
Rate	¦ 3.425918
Denomination GBP	¦ 1000			¦ 50000000					¦
Amount Payable per Denomination	¦ 17.13			¦ 856479.49					¦
Bank of New York
Rate Fix Desk	Telephone						¦ 44 1202 689580
Corporate Trust Services		Facsimile					¦ 44 1202 689601

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