Director Shareholding

National Grid Group PLC
5 December 2001


National Grid Group plc (National Grid)
5 December 2001
--------------------------------------------------

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

National Grid yesterday received a further notification from the
ESOP Trustee; that each of the Executive Directors of National Grid 
(E M Astle, S J Box, S J Holliday, R P Sergel and R J Urwin) 
had ceased to be technically interested in 14,598
NGG Ordinary shares on 3 December 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)