LONDON--(BUSINESS WIRE)--
| As Agent Bank, please be advised of the following rate determined on: 10/9/2015 | |||||||||
| Issue | ¦ National Grid USA - Series 7 USD 50,000,000 FRN due 13 Jan 2016 | ||||||||
| ISIN Number | ¦ XS0577413411 | ||||||||
| ISIN Reference | ¦ 57741341 | ||||||||
| Issue Nomin USD | ¦ 50000000 | ||||||||
| Period | ¦ 10/13/2015 to 1/13/2016 | Payment Date 1/13/2016 | |||||||
| Number of Days | ¦ 92 | ||||||||
| Rate | ¦ 1.3106 | ||||||||
| Denomination USD | ¦ 1000000 | ¦ 50000000 | ¦ | ||||||
| Amount Payable per Denomination | ¦ 3349.31 | ¦ 167465.56 | ¦ | ||||||
| Bank of New York | |||||||||
| Rate Fix Desk | Telephone | ¦ 44 1202 689580 | |||||||
| Corporate Trust Services | Facsimile | ¦ 44 1202 689601 | |||||||
Category Code: RC
Sequence Number: 488959
Time of Receipt (offset from UTC): 20151009T170159+0100