FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)--

As Agent Bank, please be advised of the following rate determined on: 27/12/2012
Issue	¦ National Grid Electricity Transmission PLC - Series 47 GBP 50,000,000 Index Linked inst. due 26 Jan 2039
ISIN Number	¦ XS0293881727
ISIN Reference	¦ 28615191
Issue Nomin GBP	¦ 50000000
Period	¦ 26/01/2013 to 26/07/2013			Payment Date 26/07/2013
Number of Days	¦ -200000
Rate	¦ 2.22606
Denomination GBP	¦ 100000		¦ 50000000		¦
Amount Payable per Denomination	¦ 1113.03		¦ 556514.56		¦
Bank of New York
Rate Fix Desk	Telephone			¦ 44 1202 689580
Corporate Trust Services		Facsimile		¦ 44 1202 689601