Director Shareholding

National Grid Group PLC
21 September 2001


National Grid Group plc (National Grid)

21 September 2001


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
(E M Astle, S J Box, S J Holliday, R P Sergel and R J Urwin)
technically ceased to be interested in 35,680 NGG Ordinary shares,
by virtue of the Quest transferring the shares to employees; 
then also technically became interested in a further 1,015,453
NGG Ordinary shares by virtue of the Quest being allotted those
shares and those directors being benficiaries under the Quest.

(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).