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SIP Operation

8th Mar 2005 16:51

National Grid Transco PLC08 March 2005 National Grid Transco plc (NGT) Tuesday 8 March 2005 NGT SHARE INCENTIVE PLAN (the "SIP") (Notification of Directors' Interests, pursuant to Section 324(2) of the Companies Act 1985) -------------------------------------------------------------------------------- Under the SIP scheme, operated through Towers Perrin Share Plan Services Limitedas Trustee, employees may acquire NGT ordinary shares by regular monthlycontributions. The current monthly purchase of 65,844 NGT ordinary shares underthe scheme has been confirmed by the Trustee, the shares having been purchasedin the market yesterday (7 March 2005), at a price of 506 pence per share, onbehalf of some 3,800 participants. The following executive Directors of NGT are beneficiaries of the number ofshares purchased on their behalf: Director Shares purchased Resulting total in SIP interest Steven Holliday 25 630,213Roger Urwin 25 1,375,801 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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