Director/PDMR Shareholding

Director/PDMR Shareholding

Centrica PLC

Purchase of ordinary shares of 6 ^14/81 pence in Centrica plc (“Shares” and the “Company”, respectively) by Directors of the Company and Persons Discharging Managerial Responsibility (PDMRs) under its Share Incentive Plan (“SIP”).

The SIP trustee, Equiniti Share Plan Trustees Limited (the “Trustee”), notified the Company on 18 November 2008 that:

(1) The following Directors and other Persons Discharging Managerial Responsibility for the Company acquired Shares under the SIP on 17 November 2008 held through the Trustee:

	Â	Number	Â	Aggregate Shares held
		of Shares		Beneficially (across all accounts
Directors		Acquired*		following acquisition)
Phil Bentley		62		755,015
Sam Laidlaw		61		489,500
Nick Luff		61		275,381
					Â
Persons Discharging Managerial Responsibility
Grant Dawson		62		380,770
Catherine May		61		30,175
Anne Minto		62		195,595
Chris Weston		61		200,116

* The ‘Number of Shares Acquired’ includes 41 Partnership shares acquired (for Sam Laidlaw, Nick Luff, Catherine May and Chris Weston) at 303.00 pence per share (42 Partnership shares for Phil Bentley, Grant Dawson and Anne Minto with a higher residual balance) and 20 Matching shares acquired at 309.50 pence per share. Both Partnership and Matching elements are registered in the name of the Trustee.

(2) They had transferred 650 ordinary shares of 6 ¹⁴/₈₁ pence each from Equiniti Corporate Nominees Limited AESOP1 (Allocated shares) to Equiniti Corporate Nominees Limited AESOP2 (Unallocated shares). The transfer was made following the forfeiture of shares, under the rules of the SIP, by participants who have left the group since the last purchase and the shares had been used towards November’s allocation of Matching shares. The Directors and PDMRs listed above, together with some 4985 other employees, are participants in the SIP and are potentially interested in the remaining 22,423 shares held by Equiniti Corporate Nominee Limited AESOP2 left following the purchase.

The SIP operates as follows

• Each month the Trustee uses participants’ contributions (which may not exceed £125 per participant per month) to purchase shares in the market. These shares are called ‘Partnership Shares’.
• At the same time the Company allots to participants via the Trustee one ‘Matching Share’ for every two partnership shares purchased that month (up to a maximum of 20 matching shares per month).
• Participants may change their monthly savings rate whenever they wish. However, Directors and others bound by the Company’s Securities Dealing Code (the “Code”) may not make such a change during a close period or when otherwise prohibited from dealing by the Code.

Julia Foo
Centrica plcCentrica plc
01753 49401601753 494016