Preliminary results for the year ended 31 March 2009

Steve Holliday, Chief Executive, said:

“We have delivered over the year a strong financial and operational performance. Operating profit increased by 12%, pro forma earnings per share increased by 14% and we are recommending an 8% increase in our dividend per share. Operationally we remain focused on our investment plans and driving further efficiency. I am delighted that we exceeded the $100m targeted run rate of synergies from KeySpan.

"These results are excellent and show that, even in these difficult economic times, National Grid’s lowrisk business model is robust. We have had a good start to 2009/10 and are confident that it will be another strong year for us”.

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Article date: 14 May 2009