Director Shareholding

National Grid Transco PLC
15 March 2005


15 March 2005

National Grid Transco plc (NGT)

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Directors' Share Purchase


We were notified yesterday that Maria Richter, Non-Executive Director of NGT,
acquired an interest in 500 NGT ordinary shares, purchased by her husband at a
price of 487.43 pence per share on 14 March 2005.

This transaction increases her total interest to 1,500 NGT ordinary shares.


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