SIP Operation

RNS Number : 8655Q

National Grid PLC

10 August 2010

 



National Grid plc ("NG")

10^th August 2010

Notification of Directors' Interests

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NG SHARE INCENTIVE PLAN (the "SIP")

Under the SIP, operated through Excellerate HRO UK Limited as Trustee, employees may acquire NG ordinary shares by regular monthly contributions. The current monthly purchase of 51,795 NG ordinary shares under the scheme was confirmed by the Trustee yesterday Monday 9^th August, the shares having been purchased in the market on 9^th August 2010, at a price of 536.3734 pence per share, on behalf of some 3,000 participants.

The following Executive Directors of NG are beneficiaries of the shares purchased on their behalf:

Director	Shares purchased in SIP
Mark Fairbairn	24 Ordinary Shares
Steven Holliday	23 Ordinary Shares

The Directors total interests after these events are:

Director	Resulting total interest
Mark Fairbairn	1,017,164      Ordinary Shares
Steven Holliday	2,103,961      Ordinary Shares

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Contact: D C Forward, Assistant Secretary (0207 004 3226)

Note: Mark Fairbairn has advised the company that, in accordance with DTR3 and Section 253 Companies Act 2006; his total interest includes a further 23 shares purchased by the SIP Trustee for his partner.

 

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