DCC Regulatory News (DCC)

4 September 2020

Update on LTIP Performance Condition Ranges

As noted in the Annual Report and Accounts for the year ended 31 March 2020, the Remuneration Committee of DCC plc took a decision in May 2020, taking account of the impact of Covid-19, to defer until later in the first half of the year any decision on the threshold and maximum ranges for the Return on Capital Employed ('ROCE') and Earnings per Share ('EPS') performance conditions which would apply to awards made under the Company's Long Term Incentive Plan in the year ending 31 March 2021.

DCC plc announces that the Remuneration Committee has now agreed to set the threshold and maximum ranges for ROCE and EPS.

For the purposes of the ROCE performance condition, which accounts for up to 40% of an award, the Remuneration Committee has set a ROCE range for threshold and maximum vesting of 13% to 17%.

For the purposes of the EPS performance condition, which accounts for up to 40% of an award, the Remuneration Committee has set an EPS range for threshold and maximum vesting of UK RPI plus 3% per annum to UK RPI plus 7% per annum compound.

Both the ROCE range and the EPS range will be kept under review and adjusted if necessary in light of acquisition and other development activity in the year ending 31 March 2021.

As previously disclosed in the Annual Report and Accounts, the Total Shareholder Return ('TSR') performance condition, which accounts for up to 20% of an award, is based on TSR performance over a three-year period compared with the FTSE 100. Threshold vesting performance will be TSR equal to the median of the constituents of the index and maximum vesting will be TSR at or above the upper quartile.

For each of the ROCE, EPS and TSR performance conditions, threshold vesting will be 25% of maximum, with vesting determined on a straight-line basis between 25% and 100% for performance between threshold and maximum.

For reference:

Gerard Whyte

Company Secretary

Tel: +353 1 2799 400

Email: companysecretary@dcc.ie

Web: www.dcc.ie

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, Technology and Healthcare. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100. In its financial year ended 31 March 2020, DCC generated revenue of £14.8 billion and operating profit of £494 million.