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BOWNE INTEGRATED TYPESETTING SYSTEM

CRC: 39070

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.7.1, Doc: 8, Page: 79

Description: EXH 2(B).7.1

0/7833.00.00.00Y59930BNY

[E/O] EDGAR 2 *Y59930/833/7*

BOWNE INTEGRATED TYPESETTING SYSTEM

CRC: 39070

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.7.1, Doc: 8, Page: 79

Description: EXH 2(B).7.1

0/7833.00.00.00Y59930BNY

[E/O] EDGAR 2 *Y59930/833/7*

GENERAL INFORMATION

(1) The admission of the Pro

ramme to listin

on the Official List and to tradin

on the Market is expected to take effect on or

about 29 February 2008. The listin

of the Instruments on the Official List will be expressed as a percenta

e of their

nominal amount (exclusive of accrued interest). Any Tranche of Instruments intended to be admitted to listin

on the

Official List and admitted to tradin

on the Market will be so admitted to listin

and tradin

upon submission to the UK

Listin

Authority and the London Stock Exchan

e (in accordance with their rules and procedures) of the relevant Final

Terms and any other information required by the UK Listin

Authority and the London Stock Exchan

e, subject in each

case to the issue of the relevant Instruments. Prior to official listin

, dealin

s will be permitted by the Market in accordance

with its rules. Transactions will normally be effected for delivery on the third workin

day in London after the day of the

transaction.

However, Instruments may be issued pursuant to the Pro

ramme which will not be admitted to listin

, tradin

and/or

quotation by the UK Listin

Authority or the Market or any other listin

authority, stock exchan

e and/or quotation system

or which will be admitted to listin

, tradin

and/or quotation by such listin

authority, stock exchan

e and/or quotation

system as the relevant Issuer and the relevant Dealer(s) may agree.

(2) National Grid Gas has obtained all necessary consents, approvals and authorisations in the United Kin

dom in connection

with the issue and performance of the Instruments.

(3) National Grid Gas Finance (No 1) has obtained all necessary consents, approvals and authorisations in the United

Kingdom in connection with the issue and performance of the Instruments.

(4) The establishment of the Pro

ramme was authorised by a resolution of the Finance Committee of the Board of Directors

of National Grid Gas passed on 17 July 2003. The update of the Pro

ramme was authorised by a resolution of the

Finance Committee of the Board of Directors of National Grid Gas passed on 25 April 2005. The

uarantee of the

Instruments issued by National Grid Gas Finance (No 1) was authorised by a resolution of the Finance Committee of the

Board of Directors of National Grid Gas passed on 31 July 2006.

(5) The update of the Pro

ramme was authorised by a resolution of the Board of Directors of National Grid Gas Finance (No

1) passed on 18 August 2006.

(6) Instruments have been accepted for clearance throu

h the Euroclear and Clearstream, Luxembour

. The appropriate

common code and the International Securities Identification Number in relation to the Instruments of each Series will be

specified in the relevant Final Terms relatin

thereto. The relevant Final Terms shall specify any other clearin

system(s)

as shall have accepted the relevant Instruments for clearance to

ether with any further appropriate information. The

address of Euroclear is 1 Boulevard du Roi Albert II, B-1210 Brussels, Bel

ium and the address of Clearstream,

Luxembourg is 42 Avenue JF Kennedy, L-1855 Luxembourg.

(7) Save as disclosed in the first paragraph under the heading “Description of National Grid Gas plc – Recent Developments”

on pa

e 57, there are no, nor have there been any,

overnmental, le

al or arbitration proceedin

s (includin

any such

proceedin

s which are pendin

or threatened of which National Grid Gas is aware) durin

the 12 months precedin

the

date of this Prospectus which may have, or have had in the recent past a si

nificant effect on the financial position or

rofitabilit

of National Grid Gas or of the National Grid Gas Grou

(8) There are no, nor have there been any,

overnmental, le

al or arbitration proceedin

s (includin

any such proceedin

which are pendin

or threatened of which National Grid Gas Finance (No 1) is aware) durin

the 12 months precedin

the

date of this Prospectus which may have, or have