DCC acquires CPL Petroleum

DCC PLC 20 July 2007 DCC to acquire another leading oil distribution business in Britain DCC plc, the procurement, sales, marketing, distribution and business support services group listed on both the Irish and London stock exchanges, announces that it has reached conditional agreement to acquire CPL Petroleum Limited ('CPL Petroleum'), a leading oil distribution business in Britain, from CPL Industries Holdings Limited, the UK's market leader in solid fuel distribution. The acquisition is subject to inter alia clearance from the UK Office of Fair Trading. CPL Petroleum is a leading supplier of transport fuels and heating oils to commercial, industrial, domestic and agricultural customers throughout Britain. CPL Petroleum operates from 39 depots with a fleet of 200 road tankers and 481 employees. In the twelve months to 31 March 2007 CPL Petroleum sold 831 million litres of oil. DCC intends to integrate CPL Petroleum's operations with DCC Energy's existing oil distribution business in Britain, which in the year to 31 March 2007 distributed 1,541 million litres of oil. The acquisition will further enhance DCC Energy's position as the leading oil distributor in Britain. The consideration payable for CPL Petroleum, which will be acquired on a cash free / debt free basis, is €74.2 million (Stg£50 million) adjusted to reflect the difference between the actual working capital of CPL Petroleum at completion and its average working capital over the twelve months to completion. The consideration will be satisfied in cash. It is anticipated that the transaction will be completed by the end of September 2007. CPL Petroleum's operating profit before group charges, goodwill amortisation and exceptional items for its financial year ended 31 March 2007 was €9.4 million (Stg£6.4 million) on sales of €620 million (Stg£418 million). CPL Petroleum's gross tangible operating assets at 31 March 2007 were €69.4 million (Stg£46.8 million) and its net tangible operating assets were €9.0 million (Stg£6.1 million). Jim Flavin, Executive Chairman of DCC plc, said today 'The acquisition of CPL Petroleum is a significant step in DCC's stated strategy of doubling the size of its oil business in Britain and builds on the acquisitions of BP's oil business in Scotland in 2001, the business of Shell Direct in England and Wales in 2004, Carlton Fuels in 2006 and a number of other smaller acquisitions. CPL Petroleum, while operating throughout Britain, has a relatively stronger business in Southern England and will complement DCC's existing business, which is relatively stronger in Northern England and Scotland.' For reference: Jim Flavin, Executive Chairman, DCC plc Tommy Breen, Group Managing Director, DCC plc Donal Murphy, Managing Director, DCC Energy Conor Murphy, Investor Relations Manager Telephone: + 353 1 2799400 Email: investorrelations@dcc.ie Web: www.dcc.ie About DCC plc: DCC plc is a procurement, sales, marketing, distribution and business support services group headquartered in Dublin with international operations across four continents. DCC has five divisions - DCC Energy, DCC SerCom, DCC Healthcare, DCC Food & Beverage and DCC Environmental. In its latest financial year to 31 March 2007, DCC had sales of €4.046 billion, operating profits of €143.0 million and currently employs over 6,000 people in 16 countries. DCC's shares are listed on both the Irish and London stock exchanges under Business Support Services. DCC Energy is the leading oil and liquefied petroleum gas (LPG) sales, marketing and distribution business in Britain and Ireland. In the year ended 31 March 2007, DCC sold in excess of 3.2 billion litres of product to approximately 375,000 domestic, commercial, industrial and agricultural customers from its extensive network of 149 depots throughout Britain and Ireland, generating revenues of €2.248 billion and operating profits of €60.5 million. DCC Energy currently employs approximately 2,080 people. This information is provided by RNS The company news service from the London Stock Exchange

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