National Grid Group PLC
2 July 2002
National Grid Group plc and Lattice Group plc
Merger Update - OFT Merger Clearance Confirmed
National Grid Group plc (National Grid) and Lattice Group plc (Lattice) welcome
the announcement today by The Secretary of State for Trade and Industry that
she has decided not to refer the proposed merger of National Grid and Lattice
(the 'Merger') to the Competition Commission under the provisions of the Fair
Trading Act 1973.
The Merger remains subject to the approval of shareholders of National Grid and
Lattice, sanction of the Lattice scheme of arrangement by the High Court, and
the satisfaction of a number of conditions including regulatory consents and
approvals. National Grid and Lattice remain confident that the Merger will
complete during autumn 2002.
Enquiries:
National Grid Lattice
Investor Relations Investor Relations
Marcy Reed 44 (0) 20 7312 5779 Melissa Sellars 44 (0) 20 7389 3219
Terry McCormick 44 (0) 20 7312 5785 Gary Rawlinson 44 (0) 20 7389 3218
Louise Clamp 44 (0) 20 7312 5783
Media Relations Media Relations
Clive Hawkins 44 (0) 20 7312 5757 Gillian Home 44 (0) 20 7389 3212
Jim Willison 44 (0) 20 7389 3213
Citigate Dewe Rogerson The Maitland Consultancy
Anthony Carlisle 44 (0) 20 7638 9571 Angus Maitland 44 (0) 20 7379 5151
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