National Grid plc ('NG')
10th February 2009
Notification of Directors' Interests
-------------------------------------------------------------------------------------------------------
NG SHARE INCENTIVE PLAN (the 'SIP')
Under the SIP scheme, operated through Excellerate HRO UK Limited as Trustee, employees may acquire NG ordinary shares by regular monthly contributions. The current monthly purchase of 43,198 NG ordinary shares under the scheme was confirmed by the Trustee yesterday, the shares having been purchased in the market on Monday 9th February at a price of
657.23 pence per share, on behalf of some 3,100 participants.
The following Executive Directors of NG are beneficiaries of the shares purchased on their behalf:
Director |
Shares purchased in SIP |
Mark Fairbairn |
19 Ordinary Shares |
Steven Holliday |
19 Ordinary Shares |
The Directors total interests after these events are:
Director |
Resulting total interest |
Mark Fairbairn |
507,304 Ordinary Shares |
Steven Holliday |
1,038,468 Ordinary Shares |
-------------------------------------------------------------------------------------------------------
Contact: D C Forward, Assistant Secretary (0207 004 3226)
Note: Mark Fairbairn has advised the company that, in accordance with DTR3 and Section 253 Companies Act 2006; his total interest includes a further 19 shares purchased by the SIP Trustee for his partner.