31 January 2023

Completion of sale of majority interest in NGGT and Metering

National Grid plc is pleased to announce that it has today completed the sale of a 60% equity interest in its UK gas transmission and metering business to a consortium comprised of Macquarie Asset Management and British Columbia Investment Management Corporation.

Enquiries and contacts

Investors and Analyst:

Nick Ashworth                                     +44 (0) 7814 355 590

Angela Broad                                      +44 (0) 7825 351 918

James Flanagan                                 +44 (0) 7970 778 952

Jonathan Clay                                     +44 (0) 7899 928 247

Media:

Molly Neal                                           +44 (0) 7583 102 727

Danielle Dominey-Kent                        +44 (0) 7812 485 153

About National Grid Gas

National Grid Gas owns and operates the regulated gas National Transmission System ("NTS") in Great Britain, and also owns a regulated gas metering business.