Director Shareholding

National Grid Group PLC
07 October 2002



National Grid Group plc (National Grid)

7 October 2002



QUALIFYING EMPLOYEE SHARE OWNERSHIP TRUST (Quest)

(Notification of Directors' Interests pursuant to Section 324(2)
of the Companies Act 1985)

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On Friday 4 October 2002, each of the following 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 47,975 NGG Ordinary shares, by virtue of the Quest
transferring the shares to employees.

(Note: For Companies Act purposes, the Executive Directors of National Grid
named above 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).



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