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SIP Operation

10th Jan 2005 16:32

National Grid Transco PLC10 January 2005 National Grid Transco plc (NGT) Monday 10 January 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 67,860 NGT ordinary shares underthe scheme has been confirmed by the Trustee, the shares having been purchasedin the market last Friday (7 January 2005), at a price of 498 pence per share,on behalf of some 3,800 participants. The following executive Directors of NGT are beneficiaries of the number ofshares purchased on their behalf: Director Shares purchased in SIP Resulting total interest Steven Holliday 26 630,165 Roger Urwin 26 1,375,753 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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