National Grid Electricity Transmission Plc


As Agent Bank, please be advised of the following rate determined on:
17-Mar-2006

Issue              :  National Grid Electricity Transmission Plc - Series 27
                      GBP 200,000,000 RPI - Linked Instruments Due 03 Apr 36

ISIN Number        :  XS0248040544

Common Code/
144A ISIN          :  248040544

Issue Nomin GBP    :  200,000,000.00

Period             :  03-Apr-2006 to 03-Oct-2006    Payment Date 03-Oct-2006

Number of Days     :  183

Rate               :  1.6585647975

Denomination GB    :  50,000.00      200,000,000

Amouny Payable     :  414.64         1,658,564.80
per Denomination
Nat.grid1.6449% (LSE:82GZ)
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