National Grid ESOP

National Grid Group PLC
19 February 2002

National Grid Group plc (National Grid)

19 February 2002

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National Grid 1996 EMPLOYEE BENEFIT TRUST (ESOP)

(Notification Of Directors' Interests, Pursuant
to Section 324(2) of the Companies Act 1985)

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National Grid today received a further notification from the ESOP Trustee;
that each of the Executive Directors of National Grid
(E M Astle, S J Box, W E Davis, S J Holliday, R P Sergel and R J Urwin)
had ceased to be technically interested in 26,391 NGG Ordinary shares
on Friday 15 February 2002, by virtue of the Trustee having transferred
the shares to participants.



(Note: For Companies Act purposes, the Executive Directors of National Grid
are deemed to have a technical interest in all the shares held by
National Grid's ESOP, together with all participating employees.



The interest ceases when shares are transferred to participants by the
exercise of executive share options or under another employees' share scheme.)



Contact: D C Forward, Assistant Secretary (020 7312 5860)



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