Redemption of EPIC bond

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Name	Symbol	Market	Type
Mazzon 29 A	LSE:BS48	London	Medium Term Loan

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%							0	-

Redemption of EPIC bond

11/04/2003 5:18pm

UK Regulatory

RNS Number:9655J
National Grid Transco PLC
11 April 2003

11 April 2003

                            Redemption of EPIC Bonds

National Grid Transco plc announces that its subsidiary company, National Grid
Holdings One plc (formerly called National Grid Group plc), has today authorised
its agent to release to the holders of its 6 per cent. Mandatorily Exchangeable
Bonds due 2003 (the "EPIC Bonds") details of the proposed procedure for
redemption of the EPIC Bonds in accordance with their terms.



Contacts


Debt Investors

Andrew Kluth        +44 (0)20 7004 3365


Equity Investors

Marcy Reed          +44 (0)20 7004 3170

Terry McCormick     +44 (0)20 7004 3171


Media

Clive Hawkins       +44 (0)20 7004 3147

Pager               +44 (0)7659 117841 (out of hours)


Citigate Dewe Rogerson     +44 (0)20 7638 9571

Anthony Carlisle           +44 (0)7973 611888(m)


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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