Director Shareholding

National Grid Group PLC
21 June 2001


National Grid Group plc (National Grid)

National Grid QUALIFYING EMPLOYEE SHARE OWNERSHIP TRUST ('Quest')
(Notification Of Directors' Interests 
pursuant to Section 324(2) of the Companies Act 1985)
-------------------------------------------------------------

Yesterday, each of the Executive Directors of National Grid
(S J Box, S J Holliday, R P Sergel and R J Urwin)
technically became interested in 71,943 NGG Ordinary shares
by virtue of the Quest being allotted the shares and those
Directors being potential beneficiaries under the Quest.

(Note: For Companies Act purposes, the Executive
Directors of NGG are deemed to have a technical interest
in the shares held in NGG'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)