National Grid 2008 Annual Report Download - page 199

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 59383
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: 103
Description: EXH 2(B).5.1
0/1582.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/582/1*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 59383
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: 103 Description: EXH 2(B).5.1
0/1582.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/582/1*
GENERAL INFORMATION
103
1. The admission of the Pro
g
ramme to listin
g
on the Official List of the U.K. Listin
g
Authority and to tradin
g
on the Market is
expected to take effect on or about 7 Au
g
ust 2007. The listin
g
of the Instruments on the Official List will be expressed as a
percenta
g
e of their nominal amount (exclusive of accrued interest). Any Tranche of Instruments intended to be admitted to
listin
g
on the Official List of the U.K. Listin
g
Authority and admitted to tradin
g
on the Market will be so admitted to listin
g
and tradin
g
upon submission to the U.K. Listin
g
Authority and the Market (in accordance with their rules and procedures)
of the relevant Final Terms and any other information required by the U.K. Listin
g
Authority and the Market, subject in
each case to the issue of the relevant Instruments. Prior to official listin
g
, dealin
g
s will be permitted by the Market in
accordance with its rules. Transactions will normally be effected for delivery on the third workin
g
day in London after the
day of the transaction.
However, Instruments may be issued pursuant to the Programme which will not be admitted to listing and/or tradin
g
by the
U.K. Listin
g
Authority or the Market or any other listin
g
authority, stock exchan
g
e and/or quotation system or which will be
admitted to listin
g
, tradin
g
and/or quotation by such listin
g
authority, stock exchan
g
e and/or quotation system as the
relevant Issuer and the relevant Dealer(s) may agree.
2. National Grid has obtained all necessary consents, approvals and authorisations in the United Kin
g
dom in connection with
the issue and performance of the Instruments.
3. NGET has obtained all necessary consents, approvals and authorisations in the United Kin
g
dom in connection with the
issue and performance of the Instruments.
4. The establishment of the Pro
g
ramme was authorised by a resolution of the Finance Committee of the Board of Directors
of National Grid (which was established by a resolution of the Board of Directors of National Grid passed on 21
October 2002
)
p
assed on 23 October 2002.
5. The establishment of the Pro
g
ramme was authorised by resolutions of the Finance Committee of the Board of Directors of
NGET (which was established by a resolution of the Board of Directors of NGET passed on 19 November 2002) passed
on 19 November 2002.
6. The update of the Pro
g
ramme was authorised by a resolution of the Finance Committee of the Board of Directors of
National Grid (which was established by a resolution of the Board of Directors of National Grid passed on 21
October 2002) passed on 28 October 2004. The increase of the Programme limit to  €15,000,000,000 was authorised by a
resolution of the Finance Committee of the Board of Directors of National Grid
p
assed on 23 A
p
ril 2007.
7. The update of the Pro
g
ramme was authorised by a resolution of the Finance Committee of the Board of Directors of
NGET (which was established by a resolution of the Board of Directors of NGET passed on 19 November 2002) passed
on 28 October 2004. The increase of the Programme limit to  €15,000,000,000 was authorised by a resolution of the
Finance Committee of the Board of Directors of NGET passed on 23 April 2007.
8. The Instruments have been accepted for clearance throu
g
h the Euroclear and Clearstream, Luxembour
g
. The appropriate
common code and the International Securities Identification Number in relation to the Instruments of each Series will be
s
p
ecified in the Final Terms relatin
g
thereto. The relevant Final Terms shall s
p
ecif
y
an
y
other clearin
g
s
y
stem
(
s
)
as shall