Sale of Part of Shareholding in Fyffes

DCC PLC 4 February 2000 DCC Realises Profit of EUR40 million on the Sale of Part of its Shareholding in Fyffes DCC plc, the value added marketing and distribution group, announces the disposal of 17,895,697 ordinary shares in Fyffes plc, the European fresh produce group, for a cash consideration of EUR57.3 million, being EUR3.20 per share. The sale results in a profit on cost of EUR45 million and of approximately EUR40 million on book value. The shares sold were placed with institutional investors jointly by Davy Stockbrokers and Goodbody Stockbrokers at EUR3.20 per share. DCC continues to hold 17,895,697 shares (ordinary and convertible preference) in Fyffes, representing 5.2% of Fyffes' capital inclusive of preference shares. Commenting on the disposal, Mr Jim Flavin, Chief Executive and Deputy Chairman of DCC, said: 'We are pleased to have disposed of part of our shareholding in a manner which has enabled Fyffes to significantly broaden its institutional shareholder base. Under the visionary leadership of its Chairman, Neil McCann, Fyffes has emerged as the leading fresh produce business in Europe. The recent launch of worldoffruit.com opens up an exciting new avenue for its continued growth into the future. DCC plans to re-invest the funds realised by accelerating the development of our core business activities both organically and by acquisition.' For reference: Jim Flavin Tel: +353 1 2831011 Chief Executive & Deputy Chairman, DCC plc

Companies

DCC (CDI) (DCC)
UK 100

Latest directors dealings