Landis+Gyr Partners with British Gas to Deliver UK's First Major Smart Meter Deployment

Million meter contract for electric, gas smart meters to save British Gas customers more than 200m pounds Sterling by 2020

LONDON, March 29, 2010 - Landis+Gyr, the world's largest electricity metering and smart meter
solutions company and a pioneer of worldwide smart grid realisation, today
announced it has been selected by the UK's largest energy supplier, British
Gas (parent company Centrica (LSE: CNA)) to support the UK's first
commercial-scale smart meter deployment in an energy efficiency effort that
could save consumers more than 200 million pounds in energy bills.

The deal will see British Gas deploy up to one million of Landis+Gyr's
"dual fuel" electricity and gas smart meters, along with Landis+Gyr's
innovative touch screen in-home display, in UK customer homes, marking one of
the fastest, largest and most advanced smart meter deployments in Europe.

Under the deployment, which will precede the UK's main smart metering
rollout, consumers will be able to independently manage their energy
consumption, cut their energy bills and protect the environment. A quarter of
CO2 emissions in the UK come from homes.

British Gas and Landis+Gyr plan an open development, based wherever
possible on existing standards, to help to accelerate the UK's national smart
metering roll-out and encourage the faster development of a range of 'smart'
household appliances, from intelligent dishwashers to self-regulating heating
controls. As part of the development, Landis+Gyr will share details of its
smart metering system with third parties, allowing UK businesses a fast track
to the creation of new and innovative solutions aimed at consumers, suppliers
and utilities alike. This move - another industry first - is intended to
provide other utilities with an open, practical blueprint for
commercial-scale smart metering, crystallising guidance provided by both the
UK Department of Energy & Climate Change (DECC) and UK regulator Ofgem (the
Office of the Gas and Electricity Markets).

Cameron O'Reilly, CEO of Landis+Gyr, said, "Our partnership with British
Gas represents a major breakthrough for smart metering in the UK. Together,
we will pioneer the technical and practical standards that we hope will see
every home and business in the country switch to smart metering within the
next decade. We are proud and pleased to have been selected for such an
instrumental role in this major deployment."

"This is also great news for up to a million British Gas customers who
could save as much as 200 million pounds on their energy bills by the time
the main UK rollout is completed in 2020."

British Gas is the first of the country's "Big Six" utilities to
undertake a major deployment following the publication last December of the
DECC's final plans for a national roll-out by 2020.

"We view this smart metering roll-out as one of our largest and most
important projects ever," said Petter Allison, Director for Smart Metering
for British Gas. "Smart meters have a fundamental role to play as they help
customers become far more aware of the amount and cost of energy they use
which encourages people to reduce their usage and save money."

In the UK, Landis+Gyr employs just under 500 people at manufacturing and
R&D sites in Stockport and Peterborough, developing gas and electricity smart
metering solutions to serve the entire Europe, Middle East and Africa (EMEA)
market for the company. Landis+Gyr's technology currently supports 3 out of 4
of the UK's official Government smart meter trials.

"The UK can lead the world into second-generation smart metering and
energy management and this announcement marks the beginning of that process,"
added Steve Cunningham, Landis+Gyr CEO for UK & Ireland. "British Gas
customers will be able to actively manage their energy consumption and drive
down their bills whilst a future large-scale smart grid infrastructure will
allow British Gas to manage demand, protect the distribution network and
optimise energy generation, including intermittent sources of renewable
energy."

Landis+Gyr is uniquely positioned to capitalise on the global smart
metering opportunity. The company is the world's largest player in the
electricity metering space according to research firm IMS and has won
hundreds of millions of US dollars in new advanced meter orders around the
world during the last 12 months, including major contracts in Australia,
across the Nordics countries, and in the United States. The company spends
approximately 60 million pounds (USD 90 million) per year on research and
development to ensure that it has the broadest technology portfolio in the
industry and has recently released its latest generation in-home display,
targeting the rapidly growing market for in-home energy monitoring and
management. In addition to its smart metering wins, the company has also had
substantial success in South America and India with its new anti-theft
technologies which enable utilities to provide electricity to areas that
otherwise might go without.

The deployment of smart metering and the consequent empowerment of
consumers to actively participate in the energy market is the first step
towards the creation of a 'Smart Grid', an electricity network that can
intelligently integrate the actions of all users connected to it -
generators, consumers and those that do both - in order to efficiently
deliver sustainable, economic and secure electricity supplies.

About Landis+Gyr

Landis+Gyr is the leading provider of integrated energy management
solutions tailored to energy company needs. With a global presence and a
reputation for quality and innovation, Landis+Gyr is unique in its ability to
deliver true end-to-end advanced metering solutions. Today, the Company
offers the broadest portfolio of products and services in the electricity
metering industry, and is paving the way for the next generation of smart
grid. With annualized sales of more than US$1.25 billion, Landis+Gyr operates
in over 30 countries across five continents, and employs nearly 5,000 people
with the sole mission of helping the world manage energy better.

For more information about Landis+Gyr, please visit the corporate website
at www.landisgyr.com

Oliver Williams, FD, +44-(0)20-7269-7294, oliver.williams at fd.com