AGM Statement

DCC PLC
08 July 2003



DCC plc                                        

                                  AGM Statement

                                                                   8 July 2003

Addressing shareholders at the Annual General Meeting of DCC plc, the business
support services group, held in Dublin at 11.00am today, Jim Flavin, Chief
Executive/Deputy Chairman, made the following statement:

'DCC achieved good profit growth in the first quarter of the financial year to
30 June with strong profit growth in Energy - the largest division, a reduced
profit contribution from the IT division and good profit growth in Healthcare.
Profits in the smaller Food division were slightly behind and there was
excellent profit growth in Other Activities.

DCC's Energy business is benefiting from synergies arising from the integration
of the British Gas LPG business acquired last year and continued benefits are
expected, particularly in the busy winter months.

The market background for IT businesses generally has been difficult over the
last few years. During this period DCC's IT businesses have outperformed the
industry. SerCom Distribution (which contributed 98% of the IT division's
profits in the last financial year) is again demonstrating the quality of its
business model and traded close to expectations in the first quarter of the
financial year despite particularly weak demand in the British IT hardware
market. SerCom Solutions, which provides supply chain management services to IT
companies and which is a very modest part of the overall operations of the Group
in terms of capital employed, has been impacted by declining volumes in an
increasingly competitive market.

Overall the Group is in a strong position both commercially and financially.
However the Board wishes to advise the market that a continuation of the current
depressed state of demand in the IT industry may reduce DCC's percentage profit
growth rate in the current financial year to approximately mid single digit. The
Board expects that results in the first half of the financial year will be
broadly similar to the first half last year and that the Group will achieve 
good growth in the seasonally more significant second half.

DCC is actively pursuing acquisition and development opportunities within each
of its markets from its position of considerable financial strength.'


For reference, please contact:

Jim Flavin, Chief Executive/Deputy Chairman   Tel: [phone]
Fergal O'Dwyer, Chief Financial Officer       Email: [e-mail]
Conor Costigan, Investor Relations Manager    www.dcc.ie


About DCC

DCC sells, markets and distributes leading own and third party brands in the
energy, IT, food and healthcare markets, principally in Britain and Ireland. In
its financial year to 31 March 2003, DCC had sales of €2.24 billion and
generated operating profits of €111 million. DCC's shares are traded on the
Irish and London Stock Exchanges. For further information please visit
www.dcc.ie







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