Litigation Update

ASHTEAD GROUP PLC US COURT OF APPEAL DISMISSES HEAD & ENGQUIST APPEAL, UPHOLDS ORIGINAL JUDGEMENT IN FAVOUR OF SUNBELT Ashtead Group PLC ('Ashtead'), the international equipment rental group serving the construction, industrial and homeowner markets, announces that the North Carolina Court of Appeals has dismissed an appeal by Head & Engquist Equipment LLC ('H&E') against an earlier ruling in which Ashtead's US subsidiary, Sunbelt Rentals Inc. ('Sunbelt'), was awarded damages of $15m plus recovery of its legal costs and pre and post judgement interest. The award is currently secured by a letter of credit in the amount of $20.1 million lodged by H&E with the Court. H&E has the right to challenge the judgement of the Court of Appeal on or before 22 November 2005. The events subject to litigation date back to 2000, in the period immediately prior to Sunbelt's acquisition of BET USA, when H&E executed a plan to develop its aerial work platform rental business by raiding over 100 staff from the BPS division of BET USA, to open competing rental stores in seven major markets served by BPS. The $20 million award has not been reflected in Ashtead's accounts but all Sunbelt's litigation costs have been expensed. Contacts: Ashtead Cob Stenham Non-executive Chairman 020 7299 5562 George Burnett Chief Executive ) Ian Robson Finance Director ) 01372 362300 Maitland Brian Hudspith 020 7379 5151
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