LONDON--(BUSINESS WIRE)--
| As Agent Bank, please be advised of the following rate determined on: 5/5/2015 | |||||||||
| Issue | ¦ National Grid USA - Series 18 USD 20,000,000 FRN due Feb 2017 | ||||||||
| ISIN Number | ¦ XS1028250980 | ||||||||
| ISIN Reference | ¦ 102825098 | ||||||||
| Issue Nomin USD | ¦ 20000000 | ||||||||
| Period | ¦ 5/7/2015 to 8/7/2015 | Payment Date 8/7/2015 | |||||||
| Number of Days | ¦ 92 | ||||||||
| Rate | ¦ 0.8359 | ||||||||
| Denomination USD | ¦ 1000000 | ¦ 20000000 | ¦ | ||||||
| Amount Payable per Denomination | ¦ 2136.19 | ¦ 42723.78 | ¦ | ||||||
| Bank of New York | |||||||||
| Rate Fix Desk | Telephone | ¦ 44 1202 689580 | |||||||
| Corporate Trust Services | Facsimile | ¦ 44 1202 689601 | |||||||
Category Code: RC
Sequence Number: 464323
Time of Receipt (offset from UTC): 20150505T162035+0100