Syndicated Facility

CENTRICA PLC
6 September 1999



Centrica replaces its £1 billion working capital facility


Centrica plc announced today that it had replaced its  £1
billion syndicated working capital facility with a series
of  bilateral bank arrangements with fifteen banks. There
was  heavy interest in these new facilities which led  to
some scaling back of participation, reflecting Centrica's
good credit profile.

The   facilities  will  be  used  primarily  to   support
Centrica's  anticipated  US commercial  paper  programme,
which  will  be launched shortly to part fund  Centrica's
£1.1 billion acquisition of the Automobile Association if
it is approved by members later this month.


Enquiries:

Neville  Barltrop   Media Relations,Centrica  01753 758442
Chris  Milburn      Investor Relations, Centrica 01753 758113


Notes to Editors

The   £1  billion  syndicated  facility  was  a  3 1/2 year
arrangement put in place for Centrica's demerger from  BG
plc in February 1997.   It was underwritten in late 1996,
then  syndicated in March 1997 after Centrica's  demerger
from BG plc.

The  bilateral arrangements were neither underwritten nor
syndicated,  but are a series of one to one arrangements,
using   standard  documentation,  between  Centrica   and
individual  banks.   No  external  'arranger'  was  used;
Centrica's   own   Treasury   Department   arranged   the
bilaterals.