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Deferred Shares- Cancellation

9th Jan 2006 16:30

National Grid PLC09 January 2006 9th January 2006 National Grid plc ('NG.') Cancellation of NG Deferred Shares: -------------------------------------------------------------- National Grid today announced that, in accordance with rights set out in itsarticles, all outstanding Deferred Shares created as part of its recent £2bnreturn of cash have been cancelled. Information relating to such cancellation, and potential tax consequences, isdetailed in the Circular to Shareholders dated 6 June 2000, available on theCompany's website (www.nationalgrid.com). This information is provided by RNS The company news service from the London Stock Exchange

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National Grid
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