DCC Regulatory News (DCC)

14 July 2017

DCC plc

Interim Management Statement

Growth in First Quarter Operating Profit and Guidance for the Year Reiterated

DCC plc, the leading international sales, marketing and support services group, is issuing this Interim Management Statement in advance of the Company's AGM to be held in Dublin at 11.00 am today.

First Quarter ended 30 June 2017

For the first quarter ended 30 June 2017, each division of the Group, DCC LPG, DCC Retail & Oil, DCC Healthcare and DCC Technology, traded in line with expectations and ahead of the prior year.

The sale of DCC Environmental, which was announced on 5 April 2017, completed on schedule on 30 May 2017.

Year to 31 March 2018

DCC's profits are significantly weighted towards the second half of its financial year. At what is still a very early stage in the financial year, the Group reiterates its belief that the year ending 31 March 2018 will be another year of profit growth and development.

Were current foreign exchange rates to prevail for the remainder of the year, the Group would benefit modestly, relative to current market consensus, from a favourable translation of non-Sterling profits into Sterling.

The processes to complete the acquisitions of Esso Retail Norway and Shell Hong Kong & Macau are progressing to plan and are expected to complete by the end of the third and fourth quarters of DCC's financial year respectively.

DCC remains ambitious to continue the growth and development of its business. DCC's strong and liquid balance sheet, leaves it well placed to continue the growth of its LPG, Retail & Oil, Healthcare and Technology divisions, in both existing and new geographies.

The strength and liquidity of DCC's balance sheet was further enhanced by the recent successful completion of a c.£450 million fundraising in the US private placement debt market. The drawdown of funds will occur in September 2017. The fundraising has a weighted average term of 10.2 years and will extend DCC's weighted average debt maturity by 1.3 years to 6.8 years.

Management succession

As previously announced, Tommy Breen, Chief Executive, will retire from DCC and from the Board at the completion of today's AGM. He is being succeeded as Chief Executive by Donal Murphy.

Date for Interim Results

DCC expects to announce its interim results for the six months to 30 September 2017 on Tuesday 14 November 2017.

For reference:

Tommy Breen, Chief Executive

Donal Murphy, Chief Executive Designate

Fergal O'Dwyer, Chief Financial Officer

Kevin Lucey, Head of Capital Markets

Telephone: +353 1 2799 400

Email: investorrelations@dcc.ie

Web: www.dcc.ie

Powerscourt (Media)

Lisa Kavanagh / Victoria Palmer-Moore

Telephone: +44 20 7250 1446

Email: DCC@powerscourtgroup.com

About DCC plc

DCC is a leading international sales, marketing and support services group with a clear focus on performance and growth. It operates through four divisions: LPG, Retail & Oil, Healthcare and Technology.

DCC is an ambitious and entrepreneurial business operating in 15 countries, supplying products and services used by millions of people every day throughout Europe. Building strong routes to market, driving for results, focusing on cash conversion and generating superior sustainable returns on capital employed enable the group to reinvest in its business, creating value for its stakeholders.

Headquartered in Dublin, employing approximately 10,000 people, DCC's four divisions are:

· DCC LPG - a leading liquefied petroleum gas ("LPG") sales and marketing business in Europe, with a developing business in the retailing of natural gas;

· DCC Retail & Oil - a leader in the sales, marketing and retailing of transport fuels and commercial fuels, heating oils and related products and services in Europe;

· DCC Healthcare - a leading healthcare business, providing products and services to healthcare providers and health and beauty brand owners; and

· DCC Technology - a leading European sales, marketing and services partner for global technology brands.

DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100. In its financial year ended 31 March 2017, DCC generated revenue of £12.3 billion and operating profit of £345 million.

DCC has an excellent record, delivering compound annual growth of 14% in operating profit and generating an average return on capital employed of approximately 19% over 23 years as a public company.

Forward-looking statements

This announcement contains some forward-looking statements that represent DCC's expectations for its business, based on current expectations about future events, which by their nature involve risk and uncertainty. DCC believes that its expectations and assumptions with respect to these forward-looking statements are reasonable, however because they involve risk and uncertainty as to future circumstances, which are in many cases beyond DCC's control, actual results or performance may differ materially from those expressed in or implied by such forward-looking statements.