Director Shareholding

National Grid Group PLC
16 August 2001


National Grid Group plc (National Grid)

National Grid 1996 EMPLOYEE BENEFIT TRUST (ESOP)
(Notification Of Directors' Interests pursuant
to Section 324(2) of the Companies Act 1985)

National Grid today received a further 
notification from the ESOP Trustee; that each 
of the Executive Directors of National Grid 
(S J Box, S J Holliday, R P Sergel and R J Urwin) 
had ceased to be technically interested in 22,648 
NGG Ordinary shares on 15 August 2001 by virtue of the 
Trustee having transferred the shares to participants. 

(Note: For Companies Act purposes, the Executive 
Directors of National Grid are deemed to have a 
technical interest in all the shares held by 
National Grid's ESOP, together with all 
participating employees. The interest ceases 
when shares are transferred to participants by 
the exercise of executive share options or under 
another employees' share scheme.) 

Contact: D C Forward, Assistant Secretary (020 7312 5860)