Director Shareholding

Centrica PLC
                  

5 November 2004

Centrica plc

Directors' interests - Long Term Incentive Scheme (LTIS)

Centrica announces that on 4 November 2004, a total of 4,292,846 ordinary
Centrica shares of 6 14/81 pence each in respect of awards made under the terms
of the LTIS in October 2001 were released from trust to participants, including
Phil Bentley. These awards, which were subject to performance conditions*, were
released by the trustee of the scheme following the completion of the respective
three-year performance period. On release, participants are liable to pay income
tax at their marginal rate and National Insurance contributions at 1% on the
value of the shares.

Phil Bentley sold shares (41%) to meet the income tax and National Insurance
liabilities. The shares were sold at 236.63p on 4 November 2004. The specific
details of the release and disposals relating to Phil Bentley are as follows:

Executive Director         Shares released          Shares sold Net number of shares
                                                                         transferred
------------------ ----------------------- -------------------- --------------------
Phil Bentley                      101,548               41,635               59,913
------------------ ----------------------- -------------------- --------------------


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.
Following the LTIS release and the sale of shares, Phil Bentley retains an
interest (in excess of the minimum holding requirement) in the share capital of
Centrica as follows:

                                                     Phil Bentley
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Ordinary shares of 6 14/81                               163,476
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Share Incentive Plan                                       1,741
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Long Term Incentive Scheme
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- in retention                                           136,253
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- conditional upon performance                           527,248
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Executive Share Options                                1,634,257
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Sharesave Options                                          5,161
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Following this release, the LTIS trust, in which the executive directors along
with other Centrica group employees have a potential interest, holds 6,634,539
shares.

* The performance condition for the LTIS is 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.

For the award made in 2001, at the conclusion of the performance period on 30
September 2004, the Company was ranked in fortieth position in the LTIS
comparator group and accordingly, 75% of the award was transferable.

Enquiries: Media Relations 01753 494084

Investor Relations 01753 494900