DCC Acquires Carlton Fuels

DCC PLC 07 July 2006 DCC Acquires Another Oil Distribution Business in Britain DCC plc, the business support services group, has acquired Carlton Fuels Limited ('Carlton'), a north of England based oil distribution business, for an initial cash consideration of €13.3 million (Stg£9.2 million), excluding net debt acquired. Carlton's net debt averaged €4.7 million (Stg£3.3 million) over the 12 months to 31 May 2006. Deferred cash consideration of up to €3.2 million (Stg£2.2 million) may be paid over the next five years based on the achievement of certain profit targets. Carlton is expected to report an adjusted operating profit for its financial year ended 30 June 2006 of approximately €4.6 million (Stg£3.2 million) on sales of approximately €404 million (Stg£280 million). Carlton's Managing Director, Paul Vian, and its Operations Director, Paul Williams, will join the management team of DCC Energy's UK oil distribution business. Carlton has 118 employees. Carlton sells approximately 500 million litres of fuel per annum, principally diesel and gas oil, to a range of commercial, transport and local government customers and operates from 6 depots located in the Liverpool, Sheffield and Immingham areas. Carlton's operations in these areas will be integrated with DCC Energy's existing oil distribution business in Britain. Jim Flavin, Chief Executive/Deputy Chairman of DCC plc said today: 'Carlton is a well managed business which has grown strongly in recent years and the business will integrate well with DCC's existing oil distribution operations in Britain. DCC Energy is now the largest oil distributor in Britain and the Carlton acquisition will further strengthen the excellent relationships DCC Energy has with all of the oil majors.' For reference: Jim Flavin, Chief Executive/Deputy Chairman Colman O'Keeffe, Deputy Managing Director, DCC Energy Conor Murphy, Investor Relations Manager Telephone: + 353 1 2799400 Email: investorrelations@dcc.ie Web: www.dcc.ie This information is provided by RNS The company news service from the London Stock Exchange

Companies

DCC (CDI) (DCC)
Investor Meets Company
UK 100