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National GridTransco (NGT)

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Friday 21 March, 2003

National GridTransco

Quest Operation

National Grid Transco PLC
21 March 2003

National Grid Transco plc (NGT)

21 March 2003


(Notification of Directors' Interests

pursuant to Section 324(2) of the Companies Act 1985)


Today, each of the following NGT Executive Directors:

E M Astle, S J Holliday, R P Sergel and R J Urwin, technically ceased to be
interested in 36,850 NGT Ordinary shares, by virtue of the Quest transferring
the shares to employees.

(Note: For Companies Act purposes, the Executive Directors named above are
deemed to have a technical interest in the shares held in NGT's Quest, together
with all participating employees. The interest ceases when shares are
transferred to participants who exercise their Sharesave scheme options.)

Contact: D C Forward, Assistant Secretary (020 7004 3226).

                      This information is provided by RNS
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