Deeds of undertaking in relation to outstanding...

Deeds of undertaking in relation to outstanding hybrid capital

Centrica plc

18 November 2015
Centrica plc (‘the Company’)

Deeds of undertaking in relation to outstanding hybrid capital

• €750,000,000 Subordinated Resettable Fixed Rate Notes due 2076 (ISIN XS1216020161) and
• £450,000,000 Subordinated Resettable Fixed Rate Notes due 2075 (ISIN XS1216019585)

(together, the ‘Notes’) issued by Centrica plc

On 27 October 2015, Standard & Poor's Ratings Services (‘S&P’) revised the equity content it originally assigned to a number of corporate hybrids including the Notes. This resulted in the equity content of the Notes being revised to “minimal” from “intermediate”.

In response to this decision, Centrica has entered into a deed of undertaking in relation to each series of the Notes.

Centrica understands that S&P will restore "intermediate" equity content to the Notes as a result of this undertaking.

Copies of the executed deeds of undertaking are available at https://www.centrica.com/investors.

ENDS

Enquiries:	Â
Centrica Treasury/credit investor queries		[phone]
Centrica Investor Relations		[phone]
Centrica Media Relations		0800 107 7014

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