National Grid Transco plc (“NGT”) is pleased to note today’s announcement by the Office of Fair Trading (“OFT”) relating to NGT’s proposed acquisition of the UK operations of Crown Castle International, Inc..

The OFT has confirmed that it will not refer the acquisition to the Competition Commission. Completion of the transaction is subject to a number of conditions precedent, not all of which have yet been satisfied.

NGT expects to complete the transaction on or before 30 September 2004.

Contact details

National Grid Transco:

Investors
Alexandra Morton +44 (0)20 7004 3170 or +44 (0)7768 554879(m)
Terry McCormick +44 (0)20 7004 3171 or +44 (0)7768 045139(m)
Louise Clamp +44 (0)20 7004 3172 or +44 (0)7768 555641(m)  

Media
Clive Hawkins +44 (0)20 7004 3147 or +44 (0)7836 357173(m)  

Citigate Dewe Rogerson +44 (0)20 7638 9571 Anthony Carlisle +44 (0)7973 611888(m)