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HSBC SRI
conference Frankfurt | February 2015
Cautionary statement
This presentation contains certain statements that are neither reported financial results nor other historical information. T hese statements are
forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements include information with respect to National Grid’s financial condition, its results of
operations and businesses, strategy, plans and objectives. Words such as ‘aims’, ‘anticipates’, ‘expects’, ‘should’, ‘intends’, ‘plans’, ‘believes’,
‘outlook’, ‘seeks’, ‘estimates’, ‘targets’, ‘may’, ‘will’, ‘continue’, ‘project’ and similar expressions, as well as statements in the future tense, identify
forward-looking statements. These forward-looking statements are not guarantees of National Grid’s future performance and are subject to
assumptions, risks and uncertainties that could cause actual future results to differ materially from those expressed in or implied by such
forward-looking statements. Many of these assumptions, risks and uncertainties relate to factors that are beyond National Grid’s ability to control
or estimate precisely, such as changes in laws or regulations, announcements from and decisions by governmental bodies or regulators
(including the timeliness of consents for construction projects); the timing of construction and delivery by third parties of new generation projects
requiring connection; breaches of, or changes in, environmental, climate change and health and safety laws or regulations, including breaches
or other incidents arising from the potentially harmful nature of its activities; network failure or interruption, the inability to carry out critical non
network operations and damage to infrastructure, due to adverse seasonal and weather conditions including the impact of major storms as well
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