FRN Variable Rate Fix

As Agent Bank, please be advised of the following rate determined on: 7/25/2025
Issue	¦ National Grid Gas PLC - Series 49 GBP 25,000,000 Index-linked due 21 Aug 2037
ISIN Number	¦ XS0286151914
ISIN Reference	¦ 28615191
Issue Nomin GBP	¦ 25000000
Period	¦ 2/21/2025 to 8/21/2025						Payment Date 8/21/2025
Number of Days	¦ 181
Rate	¦ 3.8647
Denomination GBP	¦ 50000			¦ 25000000					¦
Amount Payable per Denomination	¦ 966.18			¦ 483087.5					¦
Bank of New York
Rate Fix Desk	Telephone						¦ 44 1202 689580
Corporate Trust Services		Facsimile					¦ 44 1202 689601

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