Gas DN Sales - Process Update

National Grid Transco PLC
15 October 2004






National Grid Transco plc

For immediate release 15 October 2004

                     SALE OF FOUR GAS DISTRIBUTION NETWORKS
                                 PROCESS UPDATE

National Grid Transco plc ('NGT') announces that, following a detailed review by
NGT and Ofgem, the approval and licencing process necessary for the proposed
sale of four gas distribution networks by NGT is expected to take longer than
originally anticipated. NGT confirms that it still expects completion of the
transactions to take place during the second quarter of 2005.






Contact details

National Grid Transco:

Investors
Alexandra Lewis           [phone]       [phone](m)
Terry McCormick           [phone]       [phone](m)
Richard Smith             [phone]       [phone](m)

Media
Clive Hawkins             [phone]       [phone](m)

Citigate Dewe Rogerson
Anthony Carlisle          [phone]       [phone](m)





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