TIDM81RM 
 
 
As Agent Bank, please be advised of the following rate determined  on: 16/02/09 
Issue                            ¦ National Grid Electricity Transmission - Series 22 - GBP  75,000,000 FRN Due 28 Sep 2035 
ISIN Number                      ¦ XS0230845207 
ISIN Reference                   ¦ 23084520 
Issue Nomin GBP                  ¦ 75,000,000 
Period                           ¦ 30/03/09 to 28/09/09    Payment Date 28/09/09 
Number of Days                   ¦ 182 
Rate                             ¦ 2.26371905768 
Denomination GBP                 ¦ 50,000  ¦ 75,000,000       ¦ 
Amount Payable per Denomination  ¦ 565.93  ¦ 848,894.65       ¦ 
Bank of New York 
Rate Fix Desk                             Telephone         ¦ 44 1202 689580 
Corporate Trust Services                   Facsimile        ¦ 44 1202 689601
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