8th Aug 2007 09:53
Deutsche Bank AG08 August 2007 8 August 2007 National Grid plc Repurchase Offer for B Shares Under National Grid plc's Return of Cash in 2005 (following the sale of the fourgas distribution networks), holders of B Shares who elected not to receive theReturn of Cash immediately could retain their B Shares for future repurchase. Asset out in the Circular to Shareholders dated 6 June 2005, a final RepurchaseOffer is being made in August 2007 for all outstanding B Shares. National Gridplc has appointed Deutsche Bank AG to make the final Repurchase Offer inaccordance with a letter to holders of B Shares (the "Repurchase Offer Letter"). Deutsche Bank AG, via Deutsche Bank AG London Branch, hereby makes the finalRepurchase Offer, acting as principal, to purchase the 3,624,536 B Shares (8 percent. of B Shares remaining in issue before the date of the final RepurchaseOffer) in respect of which valid elections have been received from holders of BShares, in an off-market transaction on the terms set out in the RepurchaseOffer Letter. The offer is to purchase B Shares for 65 pence each, free of alldealing expenses and commissions. With respect to holders of B Shares, cheques and sales advice are expected to bedispatched and assured payments made through CREST on 17 August 2007 in respectof B Shares purchased under the final Repurchase Offer. Enquiries: National Grid plc InvestorsDavid Rees +44 (0)20 7004 3170Richard Smith +44 (0)20 7004 3172James Waite +44 (0)20 7004 3171 MediaClive Hawkins +44 (0)20 7004 3147 Deutsche Bank AG is authorised under German Banking Law (competent authority:BaFin - Federal Financial Supervising Authority) and with respect to UKcommodity derivatives business by the Financial Services Authority; regulated bythe Financial Services Authority for the conduct of UK business. Deutsche BankAG is acting as principal and for no one else in connection with the RepurchaseOffer and will not be responsible to anyone for providing the protectionsafforded to clients of Deutsche Bank AG nor for providing advice in connectionwith the Repurchase Offer. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
National Grid