Directors' interests

Centrica PLC 5 March 2002 5 March 2002 Centrica plc Directors' interests - Long Term Incentive Scheme (LTIS) Centrica plc announces that on 4 March 2002, a total of 5,926,673 ordinary Centrica shares of 5 5/9 pence each ('shares') in respect of awards made under the terms of the LTIS in March 1997 were released from trust. These awards, which were subject to performance conditions*, were released by the trustees of the scheme to a number of participants, including the executive directors detailed below, following the completion of the three-year performance period in March 2000 and expiry of the required two-year retention period. On release, participants are liable to pay income tax at their marginal rate on the value of the shares. Shares were sold at 215.88p on 4 March to satisfy this tax liability and dealing charges. The specific details of the release and disposals relating to the executive directors are as follows: Executive director Shares Released Shares sold Net number of shares transferred Mike Alexander 282,843 113,138 169,705 Mark Clare 282,843 113,138 169,705 Roy Gardner 500,186 200,075 300,111 Roger Wood 312,616 125,047 187,569 Following the release and subsequent tax-related transactions, the executive directors' holdings (excluding remaining allocations held under the LTIS and subject to conditions) are: Executive director Shares Mike Alexander 197,554 Mark Clare 194,244 Roy Gardner 466,680 Roger Wood 242,766 As a matter of policy, executive directors are expected to retain a minimum holding of shares in the Company to the value of once times base salary. Allocations held by the above executive directors under the LTIS are reduced accordingly to reflect this release. The total number of shares in issue as at 5 March 2002 is 4,221,817,560. * The performance conditions are linked to the Company's total shareholder return (TSR) relative to the returns of its FTSE 100 comparator group. The maximum award only vests if the Company's TSR over the performance period is ranked in 25th position or above of the 100 companies in the LTIS comparator group. At the conclusion of the performance period on 2 March 2000, the Company was ranked in sixth position in the LTIS comparator group. Enquiries: Media Relations 01753 494084 Investor Relations 01753 494900 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Centrica (CNA)
UK 100

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