National Grid 2008 Annual Report Download - page 98

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 20332
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: 2
Description: EXH 2(B).5.1
0/2481.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/481/2*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 20332
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: 2 Description: EXH 2(B).5.1
0/2481.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/481/2*
IMPORTANT NOTICES
This Prospectus is comprised of a base prospectus (each a “Base Prospectus”) for the purposes of Article 5.4 of the
Prospectus Directive and relevant implementin
g
measures in the United Kin
g
dom and for the purpose of
g
ivin
g
information with
regard to each of (i) National Grid and each of its subsidiary undertakings, including NGET (together, the “National Grid
Group”) (the “National Grid Prospectus”) and (ii) with the exception of the information contained in the section entitled
“Description of National Grid plc”, “Risk Factors - Risks relating to National Grid and its business”, and the information
contained in paragraphs 2, 4, 6, 9, 11, 13, 16(b) and 16(d) in the section entitled “General Information” NGET and each of its
subsidiary undertakings (together, the “NGET Group”) (the “NGET Prospectus”, to
g
ether with the National Grid Prospectus,
the “Prospectuses” and each a “Prospectus”) which, accordin
g
to the particular nature of each Issuer and the Instruments to
be issued by it, is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position,
profit and losses and prospects of the relevant Issuer and the rights attaching to such Instruments.
National Grid accepts responsibility for the information contained in the National Grid Prospectus. To the best of the knowled
g
e
of National Grid (havin
g
taken all reasonable care to ensure that such is the case) such information contained in the National
Grid Prospectus is in accordance with the facts and does not omit anything likely to affect the import of such information.
NGET accepts responsibility for the information contained in the NGET Prospectus. To the best of the knowled
g
e of NGET
(havin
g
taken all reasonable care to ensure that such is the case) such information contained in the NGET Prospectus is in
accordance with the facts and does not omit anything likely to affect the import of such information.
This Prospectus should be read and construed to
g
ether with any amendments or supplements hereto and with any documents
deemed to be incorporated herein (see “Documents Incorporated By Reference” below) and, in relation to any Tranche (as
defined herein) of Instruments, should be read and construed together with the applicable Final Terms (as defined herein).
No person has been authorised to
g
ive any information or to make any representation other than as contained in this
Prospectus in connection with the issue or sale of the Instruments and, if
g
iven or made, any such information or representation
must not be relied upon as havin
g
been authorised by either of the Issuers or any of the Dealers or the Arran
g
er (as defined in
“Overview of the Programme”).
Neither the delivery of this Prospectus or any Final Terms nor the offerin
g
, sale or delivery of any Instrument shall, under any
circumstances, create any implication that the information contained in this Prospectus is true subsequent to the date hereof,
that there has been no chan
g
e (or any event reasonably likely to involve a chan
g
e) in the affairs of either of the Issuers since
the date of this Prospectus or the date upon which this Prospectus has been most recently amended or supplemented or that
there has been no adverse chan
g
e (or any event reasonably likely to involve any adverse chan
g
e) in the financial position of
either of the Issuers since the date of this Prospectus or the date upon which this Prospectus has been most recently amended
or supplemented or that any other information supplied in connection with the Pro
g
ramme is correct as of any time subsequent
to the date on which it is supplied or, if different, the date indicated in the document containing the same.
The distribution of this Prospectus and the offerin
g
, distribution or sale of the Instruments in certain jurisdictions may be
restricted by law. Persons into whose possession this Prospectus or any Final Terms comes are required by the Issuers, the
Dealers and the Arran
g
er to inform themselves about and to observe any such restriction. The Instruments have not been and
will not be re
g
istered under the United States Securities Act of 1933, as amended and will be in bearer form and subject to U.S.
2