Centrica PLC (CNA.LN), an integrated energy company said Monday it has acquired, subject to settlement, an additional 12,566,274 shares representing 8.4% of the existing issued share capital of Venture, at 845 pence per Share.

MAIN FACTS:

-Accordingly, Centrica Resources has acquired, subject to settlement, 25,172,737 shares in aggregate Monday.

-As a result, Centrica Resources now owns or has acquired, subject to settlement, a total of 72,559,965 Shares representing 48.4% of the existing issued share capital of Venture.

-Accordingly, taking the acceptance level on Friday Aug. 21 and Centrica Resources' holding in Venture at the time of this announcement, Centrica Resources either owns, has acquired subject to settlement or has received valid acceptances of the Offer in respect of a total of 87,868,240 Shares, representing in aggregate 58.7% of the existing issued share capital of Venture.

-The Offer is conditional solely on Centrica Resources having received acceptances in respect of Shares which, together with Shares acquired before or during the Offer, will result in Centrica Resources and any person acting in concert (within the meaning of the Code) with Centrica Resources holding, for the purposes of the Code, Shares carrying more than 50% of the voting rights of Venture.

- Rule 10 of the Code only permits a purchase of shares to be counted towards fulfilling an acceptance condition if the purchaser has been registered as the holder of those shares or the transfer is otherwise certified by the offeree's registrar.

-As such, following settlement of the acquisitions announced Monday, Centrica Resources will be able to declare the Offer wholly unconditional.

-Centrica Resources expects that settlement of these purchases will occur on 27 August 2009.

-The Offer is final and will not be increased, except that Centrica Resources reserves the right to revise and/or increase the Offer if a competitive situation arises.

-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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