Medium Term Note Programme

National Grid PLC
21 March 2006



                               National Grid plc

                        EURO MEDIUM TERM NOTE PROGRAMME



National Grid plc announces that it has today issued AUD 50,000,000 Floating
Rate Instruments due 2016 Series No 26, as part of the National Grid plc and
National Grid Electricity Transmission plc EUR 6,000,000,000 Euro Medium Term
Note Programme.





21 March 2006





Contact:  Andrew Kluth (Tel: [phone])


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