Disposal

Hays PLC 24 March 2004 24 March 2004 HAYS PLC DISPOSAL OF RENTACRATE AND MANAGEMENT SUPPORT SERVICES BUSINESSES Hays plc is pleased to announce the disposal of its Rentacrate business for a cash consideration of £4.0m. The Management Support Services business has also been disposed for a nominal consideration. In the year ended 30 June 2003 the businesses disposed generated turnover of £11.6m and recorded operating losses of £1.0m. After tax and transaction costs, the net proceeds are expected to amount to £3.7m. Tangible net assets disposed amount to £2.2m. Enquiries: Jon Coles, Brunswick +44 (0) 20 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange

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Hays (HAS)
UK 100

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