AGM Statement

DCC PLC 3 July 2000 AGM Statement Addressing shareholders at the Annual General Meeting of DCC plc, the value added marketing and distribution group, which was held today in Dublin, Jim Flavin, the Founder and Chief Executive, made the following statement on current trading and the outlook for the Group: 'DCC Group trading in the first quarter of the financial year has been strong. Our IT Distribution business, SerCom Distribution, has continued its record of excellent profit growth. In Energy, sales volumes and profits in these seasonally less important months are substantially up. Healthcare has also started the year very well with particularly strong profit growth in mobility and rehab and in nutraceuticals. Profit growth in the smaller Food division may be modest in the first half but we expect good growth for the year as a whole. At SerCom Solutions we continue to invest in IT systems and skilled personnel to position DCC for growth in supply chain management and e-fulfilment services to the IT sector. Revenues have advanced in line with expectations but no material profit contribution is expected in the short term. The outlook for DCC continues to be very promising for this year and beyond.'

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DCC (CDI) (DCC)
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