Transaction in Own Shares

3rd Sep 2007 14:31

National Grid PLC03 September 2007 3 September 2007 National Grid plc Transaction in own shares: Prohibited period share repurchase programme National Grid plc ("National Grid") announces that it has entered intoirrevocable, non-discretionary arrangements to purchase shares on its own behalffor cancellation during any prohibited period that National Grid enters into. Any acquisitions within a prohibited period will be effected within certainpre-set parameters, and in accordance with both National Grid's generalauthority to repurchase shares and Chapter 12 of the Listing Rules whichrequires that the maximum price paid be limited to no more than 105 per cent ofthe average middle market closing price of National Grid's shares for the 5dealing days preceding the date of purchase. Contacts National Grid: Investors David Rees +44 (0)20 7004 3170 +44 (0)7901 511322 (m)Richard Smith +44 (0)20 7004 3172 +44 (0)7747 006321 (m)James Waite +44 (0)20 7004 3171 +44 (0)7977 440902 (m) This information is provided by RNS The company news service from the London Stock Exchange

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