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Half Year Results 2021/22 London, 18 November 2021
London, 18 November 2021
National Grid plc Half Year Results 2021/22 November 2021 2Cautionary statement
This presentation contains certain statements that are neither reported financial results nor other historical information. Thes e 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. Th esestatements include information with respect to National
Grid's (the Company) financial condition, its results of operations and businesses, strategy, plans and objectives. Words such a s 'aims', 'anticipates', 'expects', 'should', 'intends', 'plans',
'believes', 'outlook', 'seeks', 'estimates', 'targets', 'may', 'will', 'continue', 'project' and similar expressions, as well asstatements 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 un certainties 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, predict or estimate precisely, such as changes in laws or regulations, including any arising as a result of the Unit ed Kingdom's exit from the European Union, announcements from and
decisions by governmental bodies or regulators, including the implementation of the RIIO -2 price controls; 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, in cluding breaches or other incidents arising from the potentially
harmful nature of its activities; network failure or interruption (including any that result in safety and/or environmental events), the inability to carry out critical non network operations and damage
to infrastructure, due to adverse weather conditions including the impact of major storms as well as the results of climate change, due to counterparties being unable to deliver physical commodities, or due to the failure of or unauthorised access to or deliberate breaches of National Grid's IT systems and supp orting technology; failure to adequately forecast and respond to
disruptions in energy supply including those caused by the COVID -19 pandemic; performance against regulatory targets and standards and against National Grid's peers with the aim of
delivering stakeholder expectations regarding costs and efficiency savings, as well as against targets and standards designed todeliver net zero; and customers and counterparties (including
financial institutions) failing to perform their obligations to the Company. Other factors that could cause actual results to differ materially from those described in this presentation include
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