Acquisition

DCC PLC 14 December 2001 STOCK EXCHANGE ANNOUNCEMENT Growth Momentum in DCC Energy Continues with Further Expansion in Britain 14 December 2001 DCC plc, the Business Support Services group, announces a further expansion of its energy marketing and distribution operations in Britain through the purchase of the trade and certain assets of Altagas plc, a significant marketer and distributor of cylinder butane and propane. Altagas, which was established in 1994, has expanded extremely rapidly and was put into receivership on 6 November 2001. It is headquartered in Liverpool and has 23 depots throughout Britain. The business employs 254 people. The assets acquired include depots, a significant cylinder population and a number of brands, including the Altagas brand. The cost of the assets acquired together with the estimated working capital requirements is approximately EUR 16 million. The consideration paid represents a significant discount to the replacement cost of the assets. DCC currently markets and distributes LPG in Britain and Ireland under the Flogas brand. The acquisition of Altagas increases DCC's share of the British LPG market to approximately 10%. Jim Flavin, Chief Executive and Deputy Chairman of DCC plc, said today: 'The acquisition of the Altagas business is another important step in the expansion of DCC's energy distribution operations in Britain, following the recent acquisition of BP's oil marketing and distribution business in Scotland. Consolidation has been a feature of the British LPG market in recent years and this acquisition places DCC firmly among the market leaders. DCC's energy operations have a track record of strong profit growth and excellent returns on capital employed and cash generation. With continuing organic growth and bolt-on acquisition opportunities we are optimistic for DCC's continued growth and development in the energy market in the coming years.' For reference: Kevin Murray, Managing Director - DCC Energy Conor Costigan, Investor Relations Manager Tel. + 353 1 279 9400 Email: investorrelations@dcc.ie For further information on DCC: www.dcc.ie

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DCC (CDI) (DCC)
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