Disposal

Centrica PLC
                  

11 October 2005

Centrica sells shareholding in Accuread Limited

Centrica plc today announced that it has agreed to sell its 49 per cent
shareholding in Accuread Limited, one of the meter reading businesses which
serve British Gas, to GSL Utility Services Limited for a consideration of £11
million in cash.

GSL Utility Services Limited currently owns 51 per cent of Accuread Limited.
Under the conditions of the agreement, Accuread Limited will receive a 2 year
extension to the current meter reading contracts from British Gas, which are due
to expire in 2006.

British Gas Trading Limited established Accuread Limited as a joint venture
company with Group 4 Utility Services Limited in 1996. It is one of five
companies in the UK able to provide metering reading services on a large scale.

The sale of Centrica's 49 per cent interest in Accuread Limited follows a
strategic review of the business, which delivered operating profits of £5
million, turnover of £53 million and EBITDA of £5 million in 2004.

Enquiries:

Centrica Media Relations:    01753 494085
Centrica Investor Relations: 01753 494900