Directors' Interests

Centrica PLC
02 April 2003


2 April 2003

Centrica plc

Annual Long Term Incentive Scheme Allocations

Centrica announces that on 1 April 2003, conditional allocations of ordinary
shares in Centrica plc were made by the trustee of the Centrica Long Term
Incentive Scheme (LTIS) to a number of employees, including the following
executive directors:

Executive director                             Number of shares
                                           in conditional allocation

Phillip Bentley                                     228,891
Mark Clare                                          231,434
Sir Roy Gardner                                     401,831
Roger Wood                                          206,002

The percentage of the allocation eventually to vest is dependent on the
satisfaction of performance criteria over a three-year performance period
commencing on 1 April 2003. The performance criteria are based on the Company's
total shareholder return (TSR) against that of the companies comprising the FTSE
100 at the start of the performance period (the Comparator Group).*

The base price from which performance will be measured is 179.40p (being the
average of the closing mid-market prices for Centrica plc for the period 1 April
2002 to 31 March 2003).

The conditional allocations shown above represent the maximum potential award
possible if all performance criteria are met at the end of the three-year
performance period. If and to the extent that performance criteria are satisfied
at the conclusion of the performance period, the relevant number of shares will
be transferred to executives at the trustee's discretion.

*The maximum allocation of shares only vests if the Company's TSR over the
performance period is ranked in 25th position or above in the Comparator Group.
No shares vest if the TSR over the performance period is ranked below 50th
position in the Comparator Group. Between 25th and 50th position, shares vest on
a sliding scale from 100% to 40%.



Total share interests held under LTIS for each executive director following this
notification are as follows:

Phillip Bentley                   682,748
Mark Clare                        1,072,329
Sir Roy Gardner                   1,784,701
Roger Wood                        1,006,878


                      This information is provided by RNS
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