CENTRICA PLC
11 October 1999
Centrica plc
Long Term Incentive Scheme Awards
Centrica plc announces that on 7th October 1999, a conditional allocation of
shares in Centrica plc was made by the Trustees of the Centrica Long Term
Incentive Scheme to a number of employees, including the following Directors:
Director: Conditional LTIS
Award of shares:
Roy Gardner 272,446
Mike Alexander 142,415
Mark Clare 151,703
Roger Wood 154,799
The base price for the performance of the allocation is 128.86p (being the
average of the closing mid-market prices for Centrica plc from 1st October 1998
to 30th September 1999).
The percentage of shares that will vest is dependent on meeting performance
criteria over a three or four year performance period commencing on 1st October
1999. The performance criteria are based on the Company's Total Shareholder
Return (TSR) against that of the other companies within the FTSE 100.
The notional share awards shown above represent the maximum award possible if
all performance criteria are met at the end of the relevant performance period.
At the end of the performance period any shares transferable to a participant
will be retained by the trustees for a further two year retention period.
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