Centrica PLC
Purchase of ordinary shares of 5 5/9 pence in Centrica plc ('Shares' and the
'Company', respectively) by Directors of the Company under its Share Incentive
Plan ('SIP').
The SIP trustee, Hill Samuel ESOP Trustees Limited (the 'Trustee'), notified the
Company on the 22 June 2004 that:
The following Directors of the Company acquired Shares under the SIP on
21 June 2004 from the Shares acquired by the Trustee on that date:
Director Number Aggregate shares held
of Shares Beneficially (across all accounts
acquired* following acquisition)
Phil Bentley 77 116,720
Mark Clare 77 541,389
Sir Roy Gardner 77 2,360,683
* The 'Number of Shares Acquired' includes 57 Partnership shares acquired at 221
pence and 20 Matching shares acquired at 216.91666 pence. Both Partnership and
Matching elements are registered in the name of the Trustee.
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.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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