National Grid US Seminar

National Grid Group PLC
01 October 2002



1 October 2002



                  National Grid Holds Seminar on US Operations

                        US Integration Ahead of Schedule

Today and tomorrow, National Grid Group plc is holding a seminar for investors
and analysts focusing on its US operations. The seminar will provide an
opportunity to meet the management team and to receive an update on the US
operations and integration process.

Rick Sergel, President and Chief Executive Officer, National Grid USA will be
hosting the event. Presentations from Rick Sergel and his management team will
include strategy, regulatory framework, integration progress, distribution and
transmission opportunities and infrastructure services.

Web casts of the presentations will be made available on the National Grid
investor relations web site at www.nationalgrid.com later this week.
Presentation slides will be available later today.

Contacts

Investors
Marcy Reed                         [phone]                 [phone] (m)
Terry McCormick                    [phone]                 [phone] (m)
Louise Clamp                       [phone]                 [phone] (m)
Bob Seega                          508-389-2598 (US)

Media
Clive Hawkins                      [phone]                 [phone] (m)

Citigate Dewe Rogerson
Anthony Carlisle                   [phone]                 [phone](m)


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