Director Shareholding

National Grid Transco PLC 07 March 2003 National Grid Transco plc (NGT) 7 March 2003 QUALIFYING EMPLOYEE SHARE OWNERSHIP TRUST (Quest) (Notification of Directors' Interests pursuant to Section 324(2) of the Companies Act 1985) --------------------------------------------------------------------------------------------- Today, each of the following NGT Executive Directors: E M Astle, S J Holliday, R P Sergel and R J Urwin, technically ceased to be interested in 7,422 NGT Ordinary shares, by virtue of the Quest transferring the shares to employees. (Note: For Companies Act purposes, the Executive Directors named above are deemed to have a technical interest in the shares held in NGT'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 (020 7004 3226). This information is provided by RNS The company news service from the London Stock Exchange
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