NATIONAL GRID GAS PLC



As Agent Bank, please be advised of the following rate determined on: 15-Sep-2008
Issue              � National Grid Gas plc - Series 43
                     GBP 300,000,000.00 Index Linked FRN Due 17-Oct-2036
ISIN Number        � XS0270621138
Common Code / 144A � 027062113
 ISIN
Issue Nomin GBP    � 300,000,000.00
Period             � 17-Apr-2008 to 17-Oct-2008            Payment Date 17-Oct-2008
Number of Days     � 183
Rate               � 1.91276
Denomination GBP   � 300,000,000.00        �                      �

Amount Payable per � 2,869,140.00          �                      �
 Denomination

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



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