Name Change & Board Changes

Intermodal Resource Plc
02 January 2007

2 January 2007

                            Intermodal Resource plc

          Change of Name to Axis Intermodal plc and Board Appointments

Intermodal Resource plc, the UK based European transport equipment contract hire
group, held an extraordinary general meeting on 29 December at which the Board
voted in favour of a change of the Company's name. In addition, the Company
today announces a number of changes in the composition of the Board.

Following the extraordinary general meeting, the Company's name will change to
Axis Intermodal plc ('Axis') with effect from 4 January 2007. The Company will
trade under its new name with effect from 5 January 2007. The ticker will be
AXI.

Following Chris Rogers' decision to retire as chairman on 31 December 2006, Axis
will operate with an executive chairman and two managing directors. Robert
Montague, formerly chief executive, is appointed executive chairman. Ernie
Clemson, currently a Board director, is appointed managing director of Axis's UK
operations and Heiner Mangels is appointed to the Group Board as managing
director of Axis's German operations.

George Canvin remains as a non-executive director. Axis is in advanced
discussions expected to lead to the appointment of a second non-executive
director in the near future.

Heiner Mangels, aged 48, has been with the Axis Intermodal Group since June
2006, prior to which he held several senior level appointments in German
industry and commerce with many years of experience in strategic management in
the production and logistics sectors, including 4 years with Schmitz Cargobull,
one of the leading European trailer manufacturers.

Following the integration of Axis's operating businesses and its drive to
extract the resulting cost efficiencies, Axis will now be organised into two
operating companies, one in the UK and one in Germany. This has also already led
to a significant improvement in cross-border commercial co-operation within the
Group, facilitating a significant increase in the cross-selling of services to
Axis clients operating pan-European businesses. Given the recent integration and
feedback from regular surveys of client opinion, the Board has decided that a
single European brand for the Group will raise Axis's profile and strengthen its
marketing to its core target client group. In continental Europe, Axis has
successfully developed a strong brand identity, which matches the Group's
reputation for bespoke products and high quality of client service and
aftercare.

As a result, as of 1 January 2007, the Group has had two operating companies:
all the existing UK companies have been consolidated into Axis Intermodal UK
Ltd, while Axis Intermodal Germany GMBH continues as the Group's sole operating
company in Germany and remains wholly owned by Axis Intermodal Group plc.

Commenting on the recent changes, Robert Montague, Executive Chairman of Axis
Intermodal plc, said: 'We would like to thank Chris Rogers for his valuable
contribution to the development of Axis Intermodal over the past several years.
It is a tribute to the quality and depth of the Group's management that we can
now promote internally to strengthen the Axis Board as we enter the Group's next
phase of development. The adoption of the 'Axis' name across the Group matches
the integration of our businesses and ambition to be a European leader in terms
of quality and service in our industry.'


For further details:

Robert Montague                    Executive Chairman    [phone]
JonathanGollins/Marylene Guernier  M:Delta               [phone]


Heiner Juergen Mangels has been a director of the following companies during the
past five years:

Current Directorships:

Axis Intermodal Germany

Past Directorships:

Flabeg Deco
Brakeler - Thermo Glas

There is no other information that falls to be disclosed under Schedule 2
paragraph (g) of the AIM Rules.


Notes to editors:

Axis Intermodal is an equipment contract hire group that services the transport
and logistics industries in the UK and across Europe.

From several locations in the UK, Axis offers contract hire of trucks and
trailers, with a fleet of over 500 vehicles, together with online trailer
maintenance services. The UK business contributes approximately 75% of Group
revenues.

Axis also has a German business based in Cologne, Germany, which provides
contract hire and maintenance services to the continental European swap-body
market (growing at about 7% p.a.) where it currently services approximately 10%
of the rental market of about 7 million units. Axis contributes approximately
25% of group revenues. Axis has over 100 customers in Germany, including DHL,
DFDS, Gefco and the German, French and Swill postal services.

Axis Intermodal plc was admitted to the AIM market in 2004.

Axis is the first company to enter into a funding and management agreement in
respect of swapbodies with a German KG. This funding structure is designed to
offer tax-efficient investment under German law for retail investors to invest
in a variety of assets. KG's have invested in containers for a number of years
but Axis's agreement is the first of its kind involving swapbodies.

Swapbodies are containers equipped with legs which can be lowered and retracted.
They can be loaded or unloaded by a truck or trailer using a built in hydraulic
system and do not require an external crane. Swapbodies are particularly
advantageous where fast turnaround times are required and bespoke loads are
being delivered to multiple locations.



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