National Grid 2008 Annual Report Download - page 423

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 44815
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.7.1, Doc: 8, Page: 80
Description: EXH 2(B).7.1
0/6834.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/834/6*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 44815
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.7.1, Doc: 8, Page: 80 Description: EXH 2(B).7.1
0/6834.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/834/6*
80
had in the recent
p
ast a si
g
nificant effect on the financial
p
osition or
p
rofitabilit
y
of National Grid Gas Finance
(
No 1
)
.
(9) Save as disclosed in the section entitled “Description of National Grid Gas plc - Recent Developments” on pa
g
e 57, there
has been no si
g
nificant chan
g
e in the financial or tradin
g
p
osition of the National Grid Gas Grou
p
since 31 March 2007.
(10) There has been no material adverse chan
g
e in the prospects of National Grid Gas or the National Grid Gas Group since
31 March 2007.
(11) There has been no si
g
nificant chan
g
e in the financial or tradin
g
position and no material adverse chan
g
e in the prospects
of National Grid Gas Finance
(
No 1
)
since its incor
p
oration on 3 Au
g
ust 2006.
(12) PricewaterhouseCoopers LLP (chartered accountants and re
g
istered auditors authorised and re
g
ulated by the Financial
Services Authority) has audited the financial statements of the National Grid Gas Group for the years ended 31
March 2006 and 31 March 2007, in accordance with United Kin
g
dom
g
enerally accepted auditin
g
standards and reported
thereon, res
p
ectivel
y
, without
q
ualification.
(13) Each Instrument, Receipt, Coupon and Talon will bear the following legend: “Any United States person who holds this
obli
g
ation will be subject to limitations under the United States income tax laws, includin
g
the limitations provided in
Sections 165(j) and 1287(a) of the Internal Revenue Code”.
(14) For a period of 12 months followin
g
the date of this Prospectus, copies of the followin
g
documents may be inspected
durin
g
usual business hours on any weekday (Saturdays, Sundays and public holidays excepted), for inspection at the
offices of The Bank of New York, One Canada S
q
uare, London E14 5AL:
(i) a copy of this Prospectus with any supplement to this Prospectus or further Prospectus;
(ii) the Memorandum and Articles of Association of National Grid Gas;
(iii) the Memorandum and Articles of Association of National Grid Gas Finance (No 1);
(iv) the audited consolidated financial statements of National Grid Gas for the years ended 31 March 2006 and 31
March 2007, together with the audit report thereon; and
(
v
)
the amended and restated Trust Deed dated 26 Februar
y
2008 which incor
p
orates the Guarantee.
In addition, this Prospectus is and, in the case of Instruments to be admitted to the Official List and admitted to tradin
g
on
the Market, the relevant Final Terms will be, available on the website of the Re
g
ulatory News Service operated by the
London Stock Exchan
g
e at www.londonstockexchan
g
e.com/e
n
-
g
b/pricesnews/marketnew
s
.
(15) The Issuers do not intend to provide any post-issuance information.