Director Shldng - Amendment

National Grid Group PLC
26 June 2001




The issuer has made the following amendment to the Director Shareholding
announcement released on Monday 25 June 2001 at 17:00 hours under RNS No 8311F.

The total interest figure should read '225,628' and not '375,628' as previously
published.

All other details remain unchanged. The full corrected version is shown below.




25 June 2001
National Grid Group plc (National Grid)

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Directors' Interests

Last Friday, National Grid's Employee Share Ownership ('Quest') Trustee granted
further options to employees, including the following director, under the
National Grid Savings Related Share Option Scheme.

NGG Ordinary shares
at option price of 457p per share


     Sharesave Option    Number of      Exercise         Total interest
     Granted To:         NGG Shares     period           now

     Mr S J Holliday     3,692          6 months from    225,628
                                        September 2006