41WV Nat.gas.t1.9158

    

National Grid Gas Plc



As Agent Bank, please be advised of the following rate determined on: 16-Jul-2007

Issue               : National Grid Gas plc - Series 48
                      GBP 100,000,000 Index Linked FRN Due 20-Feb-2037
ISIN Number         : XS0286452015
Common Code/        : 28646201
144A ISIN
Issue Nomin     GBP : 100,000,000.00
Period              : 20-Aug-2007 to 20-Feb-2008          Payment Date 20-Feb-2008
Number of Days      : 184
Rate                : 2.00073
Denomination GBP    : 50,000.00                   100,000,000

Amount Payable
per Denomination    : 500.18            1,000,365.00

Bank of New York
Rate Fix Desk                           Telephone 44 1202 689580
Institutional Trust Services  Facsimille          44 1202 689601

Nat.gas.t1.9158 (LSE:41WV)
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Nat.gas.t1.9158 (LSE:41WV)
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