Acquisition

Centrica PLC 5 June 2002 5 June 2002 Centrica acquires tyre business for the AA Centrica plc, which owns the Automobile Association, announced today that it has acquired the business operations and some fixed assets of Tyreserve, for a total consideration of £400,000 in cash. Tyreserve provides replacement tyres and processes transactions for car and truck fleet operators via access to a national network of 2,980 outlets. This consists of 630 independent fast-fit centres, 1,850 franchised dealers and 500 mobile units. Roger Wood, AA Managing Director, said: 'Tyreserve gives the AA a key foothold in the tyre market. In conjunction with our new Service Centres, we can more effectively service the fleet industry and offer motorists a better choice of tyres.' Enquiries: Centrica Investor Relations: 01753 494900 Centrica Media Relations: 01753 494085 AA Press Office: 01256 492927 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Centrica (CNA)
UK 100

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