Results of Placing

Centrica PLC
21 February 2002

Centrica plc

21 February 2002



NOT FOR RELEASE OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA
OR JAPAN


Centrica plc

Results of Placing of new Centrica plc (Centrica) ordinary shares

Centrica is pleased to announce that, further to this morning's announcement of
a proposed Placing, 200,676,690 new ordinary shares of 5 5/9 pence have been
successfully placed by Cazenove & Co. Ltd (Cazenove) and Hoare Govett Limited
(Hoare Govett). Following an accelerated bookbuilding process, the Placing Price
has been set at 215 pence per share, raising approximately £426 million, net of
expenses.

The new ordinary shares will be credited as fully paid and rank pari passu in
all respects with Centrica's existing ordinary shares, including the right to
receive the final dividend of 1.9 pence per share recommended today. Application
has been made to the United Kingdom Listing Authority for the new ordinary
shares to be admitted to the Official List and to be admitted to trading by the
London Stock Exchange. It is expected that admission will become effective and
dealings will commence on 26 February 2002.

Enquiries

Centrica

Gary Leibowitz 01753 494 900

Cazenove

David Mayhew 020 7588 2828

Nick Wiles

Hoare Govett

Peter Meinertzhagen 020 7678 8000

Garth James


This announcement does not constitute an invitation to underwrite, subscribe for
or otherwise acquire or dispose of any Centrica shares. Past performance is no
guide to future performance and persons needing advice should consult an
independent financial adviser.

Cazenove is acting for Centrica in connection with the Placing and no-one else,
and will not be responsible to anyone other than Centrica for providing the
protections afforded to clients of Cazenove nor for giving advice in relation to
the Placing. Cazenove can be contacted at 12 Tokenhouse Yard, London EC2R 7AN.

Hoare Govett is acting for Centrica in connection with the Placing and no-one
else, and will not be responsible to anyone other than Centrica for providing
the protections afforded to clients of Hoare Govett nor for giving advice in
relation to the Placing. Hoare Govett can be contacted at 250 Bishopsgate,
London EC2M 4AA.


END



                      This information is provided by RNS
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