National Grid 2014 Annual Report Download - page 195

Share dealing
Capita Share Dealing Services offer our European Economic Area
resident shareholders a range of quick and easy share dealing
services by post, online or telephone from 10p per share (plus
stamp duty as applicable). Dealing at live prices is available online
or by telephone, different fees apply.
Visit www.capitadeal.com/nationalgrid or call Capita Share Dealing free on
0800 022 3374 for details and terms and conditions. This is not a
recommendation to take any action. High street banks may also offer share
dealing services. If you have any doubt as to what action you should take,
please contact an authorised financial advisor.
ShareGift: If you only have a small number of shares which would
cost more for you to sell than they are worth, you may wish to
consider donating them to the charity.
ShareGift is a registered charity (no. 1052686) which specialises
inaccepting such shares as donations. For more information visit
www.sharegift.org.uk or contact Capita Asset Services.
Individual Savings Accounts (ISAs): Corporate ISAs for National
Grid shares are available from Stocktrade. For more information,
call Stocktrade on 0131 240 0443, email [e-mail]
orwrite to Stocktrade, 6th floor, Atria One, 144 Morrison Street,
Edinburgh EH3 8BR.
National Grid plc was incorporated on 11 July 2000. The Company is registered
in England and Wales No. 4031152, with its registered office at 1-3 Strand,
London WC2N 5EH.
The Company’s agent in the United States is National Grid USA, Attn: General
Counsel, 40 Sylvan Road, Waltham, MA 02451.
Cautionary statement
This document comprises the Annual Report and Accounts for the
year ending 31 March 2014 for National Grid and its subsidiaries.
Itcontains the Directors’ Report and Financial Statements,
together with the independent auditors’ report thereon, as
required by the Companies Act 2006. The Directors’ Report,
comprising pages 06 to 73 and 160 to 187, has been drawn up in
accordance with the requirements of English law, and liability in
respect thereof is also governed by English law. In particular, the
liability of the Directors for these reports is solely to National Grid.
This document contains certain statements that are neither
reported financial results nor other historical information. These
statements are forward-looking statements within the meaning
ofSection 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
These statements include information with respect to our financial
condition, our results of operations and businesses, strategy,
plans and objectives. Words such as ‘anticipates’, ‘expects’,
‘s hou ld’, ‘i nte nds’, ‘plan s’, ‘be lieve s’, ‘outloo k’, ‘seeks’, ‘estim ate s’,
‘targets’, ‘may’, ‘will’, ‘continue’, ‘project’ and similar expressions,
as well as statements in the future tense, identify forward-looking
statements. These forward-looking statements are not guarantees
of our future performance and are subject to assumptions, risks
and uncertainties that could cause actual future results to differ
materially from those expressed in or implied by such forward-
looking statements. Many of these assumptions, risks and
uncertainties relate to factors that are beyond our ability to control
or estimate precisely, such as changes in laws or regulations,
announcements from and decisions by governmental bodies or
regulators (including the timeliness of consents for construction
projects); the timing of construction and delivery by third parties
ofnew generation projects requiring connection; breaches of, or
changes in, environmental, climate change and health and safety
laws or regulations, including breaches or other incidents arising
from the potentially harmful nature of our activities; network
failureor interruption, the inability to carry out critical non network
operations and damage to infrastructure, due to adverse weather
conditions including the impact of major storms as well as the
results of climate change or due to the failure of or unauthorised
access to or deliberate breaches of our IT systems and supporting
technology; performance against regulatory targets and standards
and against our peers with the aim of delivering stakeholder
expectations regarding costs and efficiency savings, including
those related to investment programmes and internal
transformation projects (including our US financial systems
andour controls over financial reporting); and customers and
counterparties (including financial institutions) failing to perform
their obligations to the Company. Other factors that could cause
actual results to differ materially from those described in this
document include fluctuations in exchange rates, interest rates
and commodity price indices; restrictions and conditions
(including filing requirements) in our borrowing and debt
arrangements, funding costs and access tofinancing; regulatory
requirements for us to maintain financial resources in certain parts
of our business and restrictions on some subsidiaries’ transactions
such as paying dividends, lending or levying charges; inflation;
thedelayed timing of recoveries and payments in our regulated
businesses and whether aspects of our activities are contestable;
the funding requirements and performance of our pension
schemes and other post-retirement benefit schemes; the failure
toattract, train or retain employees with the necessary
competencies, including leadership skills, and any significant
disputes arising with our employees or the breach of laws or
regulations by our employees; and the failure to respond to market
developments and grow our business to deliver our strategy,
aswell as incorrect or unforeseen assumptions or conclusions
(including unanticipated costs and liabilities) relating tobusiness
development activity, including assumptions in connection with
joint ventures.
For further details regarding these and other assumptions, risks
and uncertainties that may affect National Grid, please read the
Strategic Report and the Risk factors on pages 167 to 169 of this
document. In addition, new factors emerge from time to time and
we cannot assess the potential impact of any such factor on our
activities or the extent to which any factor, or combination of
factors, may cause actual future results to differ materially from
those contained in any forward-looking statement. Except as
maybe required by law or regulation, the Company undertakes
noobligation to update any of its forward-looking statements,
whichspeak only as of the date of this document.
The contents of any website references in this document do not
form part of this document.
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