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If you received two or more copies of the Annual Report and Accounts and multiple cheques for each dividend payment, you will have more than one shareholder account.
To receive just one Annual Report and Accounts and one cheque for each dividend payment, please contact Capita Registrars and ask to amalgamate your accounts.
National Grid normally pays dividends twice each year: an interim dividend in January and a final dividend in August.
Choosing to have dividends paid directly into your chosen bank or building society account means that: money will be available on the day of payment; there will be no delay paying cheques into your account; cheques cannot be lost; and a tax voucher is still provided for your records.
Over 530,000 National Grid shareholders already choose to have dividends paid to them directly. To request direct payment of your dividends, please contact Capita Registrars.
A dividend reinvestment plan (DRIP) has now been introduced that will allow participating shareholders to use dividend payments to purchase additional shares in National Grid. The DRIP will begin operation from the payment of the 2005/06 final dividend payment in August 2006. Shareholders wishing to participate should contact Capita Registrars.
Instead of receiving bulky paper documents through the post, you can choose to receive an email notifying you of the electronic availability of National Grid’s Annual Report and Accounts.
All shareholders choosing the electronic Annual Report and Accounts will receive a certificate, recognising their support of National Grid’s Climate Saver programme managed by The CarbonNeutral Company.
To apply for electronic documents and to see details of the Climate Saver programme, please visit the Group website at www.nationalgrid.com.
A low-cost share dealing service is available from Capita Registrars, allowing you to buy and sell National Grid shares by telephone and online. Trading by telephone or online allows you to know the price of the shares at the time you deal.
For more information, please call 0870 458 4577 (8am – 4.30pm) or visit www.capitadeal.com.
A postal dealing service is also available. For a postal dealing form, please call 0870 162 3116.
These details are provided for information only and any action you take is at your own risk. If you have any doubt as to the action you should take, you are recommended to seek your own financial advice from your stockbroker, bank manager, accountant or other independent financial adviser authorised pursuant to the Financial Services and Markets Act 2000.
ISAs for National Grid shares are available from Stocktrade. Options include: National Grid Maxi stocks and shares ISA; and National Grid Mini stocks and shares ISA. Further information may be obtained from the Account Manager:
Stocktrade,
81 George Street,
Edinburgh
EH2 3ES
Telephone: 0131 240 0443
Website:
www.stocktrade.co.uk/NGT_Sharedealing/sharedealing_main.htm
You may also consolidate other PEPs and ISAs by transferring them to your National Grid account.
National Grid cannot advise you on what action, if any, you should take.
If you hold only a few shares and feel that it would be uneconomical or just not worthwhile to sell them, you could consider donating your shares to charity.
ShareGift is an independent registered charity (no. 1052686) that provides a free service for shareholders wishing to give small holdings of shares to benefit charitable causes. There are no capital gains tax implications (ie no gain or loss) on gifts of shares to charity and it is also possible to obtain income tax relief. Since its launch in 1996, ShareGift has been able to give millions of pounds to hundreds of different UK charities.
Further information can be obtained at www.ShareGift.org or from Capita Registrars.
National Grid continues to operate its Shareholder Networking Programme allowing shareholders to learn more about the business by visiting operational sites and meeting Directors, senior managers and staff.
These visits allow us to explain the business to shareholders in person and for shareholders to ask any questions about the Group. This year’s visit is planned for early December.
If you would like to take part in this visit, please write to:
Shareholder Networking Organiser,
National Grid House,
Warwick Technology Park,
Gallows Hill,
Warwick CV34 6DA
Participants will be selected from those applying, with priority given to those who have not previously attended.
More information about National Grid is available on the Group website at www.nationalgrid.com, and includes: current and historical share price information; previous Annual Reports and Accounts; and information about each of the Group businesses.