Director Shareholding

National Grid Group PLC
25 June 2001



National Grid Group plc (National Grid)

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Directors' Interests

Last Friday, National Grid's Employee Share Ownership
('Quest') Trustee granted further options to employees,
including the following director, under the
National Grid Savings Related Share Option Scheme.

NGG Ordinary shares
at option price of 457p per share


     Sharesave Option    Number of      Exercise         Total interest
     Granted To:         NGG Shares     period           now

     Mr S J Holliday     3692           6 months from    375,628
                                        September 2006