Purchase of Own Securities

National Grid Transco PLC
14 February 2003


14 February 2003

                  National Grid Transco - repurchase of shares

National Grid Transco plc announces that on 13 February it purchased for
cancellation 1,000,000 of its ordinary shares at a price of 408.27 pence per
ordinary share.



Enquiries:

Investors

Marcy Reed                [phone]           [phone](m)

Terry McCormick           [phone]           [phone](m)

Louise Clamp           [phone]           [phone](m)

Media

Gillian Home                [phone]

Jim Willison                [phone]

Clive Hawkins           [phone]


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