Director Shareholding

National Grid Group PLC
2 February 2001


National Grid Group plc (National Grid)
2 February 2001

QUALIFYING EMPLOYEE SHARE OWNERSHIP TRUST (Quest)
(Notification Of Directors' Interests pursuant to
Section 324(2) of The Companies Act 1985)
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Today,each of the Executive Directors of National
Grid (S J Box, D H Jones, R P Sergel and R J Urwin)
technically ceased to be interested in 11,618 NGG Ordinary
shares, by virtue of the Quest transferring the shares to
employees.

(Note: For Companies Act purposes, the Executive Directors of
National Grid are deemed to have a technical interest in the
shares held in National Grid's Quest, together with all participating
employees. The interest ceases when shares are transferred to
participants who exercise their Sharesave scheme options.)

Contact: D C Forward, Assistant Secretary (0207 312 5860).