LONDON--(BUSINESS WIRE)--
| As Agent Bank, please be advised of the following rate determined on: 4/29/2016 | |||||||||
| Issue | ¦ National Grid USA - Series 16 EUR 20,000,000 FRN due January 2017 | ||||||||
| ISIN Number | ¦ XS1023435818 | ||||||||
| ISIN Reference | ¦ 102343581 | ||||||||
| Issue Nomin EUR | ¦ 20000000 | ||||||||
| Period | ¦ 5/3/2016 to 8/1/2016 | Payment Date 8/1/2016 | |||||||
| Number of Days | ¦ 90 | ||||||||
| Rate | ¦ 0.189 | ||||||||
| Denomination EUR | ¦ 100000 | ¦ 20000000 | ¦ | ||||||
| Amount Payable per Denomination | ¦ 47.25 | ¦ 9450 | ¦ | ||||||
| Bank of New York | |||||||||
| Rate Fix Desk | Telephone | ¦ 44 1202 689580 | |||||||
| Corporate Trust Services | Facsimile | ¦ 44 1202 689601 | |||||||
Category Code: RC
Sequence Number: 524158
Time of Receipt (offset from UTC): 20160429T154446+0100