FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)-- 

As Agent Bank, please be advised of the following rate determined on: 4/11/2023
Issue	¦ National Grid Electricity Transmission Plc - Series 28 GBP 50,000,000 UKRPI Linked inst. due 7 Apr 2036
ISIN Number	¦ XS0250104774
ISIN Reference	¦ 25010477
Issue Nomin GBP	¦ 50000000
Period	¦ 4/7/2023 to 10/7/2023			Payment Date 10/9/2023
Number of Days	¦ 183
Rate	¦ 3.169409
Denomination GBP	¦ 1000		¦ 50000000		¦
Amount Payable per Denomination	¦ 15.85		¦ 792352.22		¦
Bank of New York
Rate Fix Desk	Telephone			¦ 44 1202 689580
Corporate Trust Services		Facsimile		¦ 44 1202 689601