1、utionary Statements document comprises the Annual port and Accounts for the year ending March 2011 for National Grid and its sidiaries.It contains the Directors port and Financial Statements,ether with the Independent Auditor s port thereon,as required by the mpanies Act 2006.The Directors port,comp
2、rising pages 10 to 108,been drawn up in accordance with requirements of English law,and ility in respect thereof is also governed English law.In particular,the liability he Directors for these reports is solely ational Grid.s document also contains certain tements that are neither reported ncial res
3、ults nor other historical rmation.These statements are ward-looking statements within the aning of Section 27A of the Securities t of 1933,as amended,and Section of the Securities Exchange Act of 4,as amended.These statements lude information with respect to our ncial condition,our results of ration
4、s and businesses,strategy,ns and objectives.Words such as ticipates,expects,intends,plans,lieves,seeks,estimates,targets,y,will,continue,project and similar ressions,as well as statements in the re tense,identify forward-looking tements.These forward-looking tements are not guarantees of our re perf
5、ormance and are subject to umptions,risks and uncertainties that ld cause actual future results to differ terially from those expressed in or lied by such forward-looking tements.Many of these assumptions,s and uncertainties relate to factors t are beyond our ability to control or imate precisely,su
6、ch as changes in s or regulations and decisions by ernmental bodies or regulators;aches of,or changes in,environmental,ate change and health and safety s or regulations,including breaches ing from the potentially harmful ureof our activities;network failure interruption,the inability to carry out ic