Director Shareholding

National Grid Group PLC
20 March 2001


National Grid Group plc (National Grid)
20 March 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 7,746 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).