LTIS Awards

Centrica PLC
2 October 2001


Company Announcements Office

The London Stock Exchange


2 October 2001


Centrica plc

Long Term Incentive Scheme Awards

Centrica announces that on 1 October 2001, conditional allocations of ordinary
shares in Centrica plc were made by the trustees of the Long Term Incentive
Scheme to a number of employees, including the following executive directors:


Director                    Number of shares in
                              conditional award

Mike Alexander                          135,398

Phillip Bentley                         135,398

Mark Clare                              144,547

Roy Gardner                             223,225

Roger Wood                              135,398


The base price from which performance will be measured is 234.37p (being the
average of the closing mid-market prices for Centrica plc for the period 01/10
/00 to 30/09/01).

The percentage of the award to eventually vest is dependent on meeting
performance criteria over a three-year performance period commencing on 1
October 2001. The performance criteria are based on the Company's total
shareholder return against that of the other companies within the FTSE 100.

The notional share awards shown above represent the maximum potential award
possible if all performance criteria are met at the end of the performance
period. At the conclusion of the performance period, shares will be
transferred to executives to the extent that performance criteria are
satisfied.

Yours faithfully


Derek Woodward

Deputy Secretary