National Grid 2008 Annual Report Download - page 196

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 54228
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.5.1, Doc: 4, Page: 100
Description: EXH 2(B).5.1
0/5579.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/579/5*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 54228
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.5.1, Doc: 4, Page: 100 Description: EXH 2(B).5.1
0/5579.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/579/5*
100
[(When adding any other description, consideration should be given as to whether such matters described constitute
“significant new factors” and consequently trigger the need for a supplement to the Prospectus under Article 16 of the
Prospectus Directive.)]
[5. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
[(i)Reasons for the offer [ ]
(See [”Use of Proceeds”] wording in Prospectus – if reasons for offer different from
g
eneral cor
p
orate
p
ur
p
oses will need to include those reasons here.)
]
[(ii)] Estimated net proceeds: [ ]
(If proceeds are intended for more than one use will need to split out and present in
order of priority. If proceeds insufficient to fund all proposed uses state amount and
sources of other funding.)
[(iii) Estimated total expenses: [ ] [Include breakdown of expenses.]
([If the Instruments are derivative securities for which Annex XII of the Prospectus
Directive Regulation applies it is] only necessary to include disclosure of net proceeds
and total expenses at (ii) and (iii) above where disclosure is included at (i) above.
)
]
∗
6.
[
Fixed Rate Instruments onl
y
– YIELD
Indication of
y
ield:
[
]
The yield is calculated at the Issue Date on the basis of the Issue Price. It is not an
indication of future yield. ]
7. [Index-Linked Instruments only – PERFORMANCE OF INDEX/FORMULA/OTHER VARIABLE AND OTHER
INFORMATION CONCERNING THE UNDERLYING
Need to include details of where past and future performance and volatility of the index/formula/other variable can be
obtained. Where the underlying is an index need to include the name of the index and a description if composed by the Issuer
and if the index is not composed by the Issuer need to include details of where the information about the index can be
obtained. Where the underlying is not an index need to include equivalent information. Include other information concerning
the underlying required by Paragraph 4.2 of Annex XII of the Prospectus Directive Regulation]
[(When completing this paragraph, consideration should be given as to whether such matters described constitute “significant
new factors” and consequently trigger the need for a supplement to the Prospectus under Article 16 of the Prospectus
Directive.)]
*
Re
q
uired for derivative securities to which Annex XII to the Pros
p
ectus Directive Re
g
ulation a
pp
lie
s
.