National Grid Gas PLC



As Agent Bank, please be advised of the following rate determined on: 16-Jun-2008
Issue              � National Grid Gas PLC - Series 47
                     GBP 50,000,000.00 Index Linked Instruments FRN Due 20-Jan-2037
ISIN Number        � XS0283715604
Common Code / 144A � 28371560
 ISIN
Issue Nomin GBP    � 50,000,000.00
Period             � 30-Jul-2008 to 30-Jan-2009            Payment Date 30-Jan-2009
Number of Days     � 184
Rate               � 1.82601
Denomination GBP   � 50,000.00             � 50,000,000.00        �

Amount Payable per � 456.50                � 456,502.50           �
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601



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