Director Shareholding

National Grid Transco PLC
10 September 2004


10 September 2004

National Grid Transco plc (NGT)

------------------------------------------

Directors' Share Purchase

We have been notified that Stephen Pettit, Non-Executive Director of NGT,
yesterday purchased in his own name, 1,125 NGT ordinary shares at 460.5 pence
per share.

This transaction increases his total interest to 3,000 shares.




                      This information is provided by RNS
            The company news service from the London Stock Exchange