Avalanche Energy Limited

Centrica PLC 7 December 2000 6 December 2000 CENTRICA ACQUISITION OF AVALANCHE ENERGY LIMITED IN NORTH AMERICA COMPLETED On 1 November, Centrica announced that it had agreed to make an offer to buy Avalanche Energy Limited, a privately held Canadian gas and oil production company, through a wholly owned subsidiary for a total consideration of C$253.5m (£114.5m) including debt. The offer closed on 30 November with more than 97 per cent of shares tendered. Shares not tendered will be compulsorily acquired under Alberta securities law. Following receipt of regulatory consents, the acquisition has now completed. Enquiries: Centrica Investor Relations 01753 758114 Centrica Media Relations 01753 758442

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