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BOWNE INTEGRATED TYPESETTING SYSTEM

CRC: 6058

Name: NATIONAL GRID

Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: (212)924-5500Site: BOWNE OF NEW YORK

Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 7

Description: EXH 2(B).6.1

0/2611.00.00.00Y59930BNY

[E/O] EDGAR 2 *Y59930/611/2*

BOWNE INTEGRATED TYPESETTING SYSTEM

CRC: 6058

Name: NATIONAL GRID

Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: (212)924-5500Site: BOWNE OF NEW YORK

Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 7

Description: EXH 2(B).6.1

0/2611.00.00.00Y59930BNY

[E/O] EDGAR 2 *Y59930/611/2*

a common depositary for Euroclear and Clearstream, Luxembour

and/or any

other a

reed clearance system. Temporary Global Instruments will be

exchan

eable, only in the manner and upon compliance with the procedures

described herein, (i) for permanent Global Instruments or (ii) for Definitive

Instruments, in each case not earlier than 40 days after the issue date, upon

certification of non-U.S. beneficial ownership. No interest will be payable in respect

of a temporary Global Instrument except as described under “Summary of

Provisions Relating to the Instruments while in Global Form”. Any permanent

Global Instrument shall only be exchan

ed for Instruments in definitive form in the

limited circumstances set out in the permanent Global Instrument.

Clearing Systems Clearstream, Luxembour

, Euroclear and, in relation to any Tranche, such other

clearin

system as may be a

reed between the Issuer, the Issuin

and Payin

ent, the Trustee and the relevant Dealer.

Initial Delivery of Instruments

On or before the issue date for each Tranche, if the relevant Global Instrument is

intended to be eligible collateral for Eurosystem monetary policy and intra-day

credit operations, the Global Instrument will be delivered to a Common Safekeeper

for Euroclear and Clearstream, Luxembour

. On or before the issue date for each

Tranche, if the relevant Global Instrument is not intended to be eli

ible collateral

for Eurosystem monetary policy and intra-day credit operations, the Global

Instrument representin

the relevant Instruments may be deposited with a

common depositary for Euroclear and Clearstream, Luxembour

. Global

Instruments may also be deposited with any other clearin

system or may be

delivered outside any clearin

system provided that the method of such delivery

has been a

reed in advance by the Issuer, the Issuin

and Payin

ent, the

Trustee and the relevant Dealer.

Currencies

Subject to compliance with all relevant laws, re

ulations and directives,

Instruments may be issued in Euro, Japanese yen, Sterlin

, U.S. dollars, Canadian

dollars, Australian dollars, New Zealand dollars, Swedish krona, Danish krone,

Hon

Kon

dollars or Swiss francs or in other currencies if the Issuer and the

relevant Dealer(s) so a

ree. Instruments may, subject to compliance as above, be

issued as Dual Currency Instruments.

Maturities

Subject to compliance with all relevant laws, re

ulations and directives, any

maturity from one month to perpetuity.

Any Instruments havin

a maturity of less than one year from their date of issue

must (a) have a minimum redemption value of £100,000 (or its equivalent in other

currencies) and be issued only to persons whose ordinary activities involve them in

acquirin

, holdin

, mana

or disposin

of investments (as principal or a

ent) for

the

oses of their