Issue of Debt

National Grid PLC
29 September 2005


                              National Grid plc

                        EURO MEDIUM TERM NOTE PROGRAMME

National Grid plc announces that it has today issued CZK 408,000,000 Fixed Rate
Instruments due 2010 Series No 21, as part of the National Grid plc and National
Grid Electricity Transmission plc EUR 6,000,000,000 Euro Medium Term Note
Programme.

29 September 2005

Contact: Andrew Kluth (Tel: [phone])



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