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SIP Operation

11th May 2006 17:04

National Grid Gas Holdings PLC11 May 2006 National Grid Gas Holdings plc ('NGGH') - 11 May 2006 NATIONAL GRID plc ('NG.') SHARE INCENTIVE PLAN (THE "SIP") (Notification of Directors' Interests pursuant to Section 324(2) of theCompanies Act 1985) ----------------------------------------------------------------------------------------------------------------- Under the SIP scheme, operated through Towers Perrin Share Plan Services Limitedas Trustee, employees of National Grid may acquire ordinary shares in NationalGrid plc (NG.) by regular monthly contributions. The current monthly purchase of44,218 NG. ordinary shares under the scheme was confirmed by the Trusteeyesterday, the shares having been purchased in the market on 8 May 2006 at aprice of 570 pence per share, on behalf of some 2,800 participants. The following Directors are beneficiaries of the number of shares purchased ontheir behalf: Director Shares purchased in SIP Resulting total interest Colin Buck 22 Ordinary Shares 113,903 Ordinary Shares Malcolm Cooper 22 Ordinary Shares 162,590 Ordinary Shares 2,148 B Shares Mark Fairbairn 22 Ordinary Shares 244,268 Ordinary Shares 6,132 B Shares Steven Holliday 22 Ordinary Shares 487,576 Ordinary Shares Contact: D C Forward, NG Assistant Secretary (0207 004 3226) 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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