Result of Equity Issue

Hunting PLC
17 August 2005


NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC
OF SOUTH AFRICA.

For immediate release

17 August 2005
                            Hunting PLC ('Hunting')

                             Result of Rights Issue

Hunting today announces that by 11am on 16 August 2005, the latest time and date
for acceptance and payment in full for New Ordinary Shares under the terms of
the Rights Issue announced on 29 June 2005, valid acceptances were received in
respect of 24,732,074 New Ordinary Shares, representing approximately 97.47 per
cent. of the New Ordinary Shares offered by way of rights at 180 pence per
share.

Hoare Govett will therefore be seeking subscribers for the remaining 641,258 New
Ordinary Shares.

In accordance with the Directors' intentions, stated in the Prospectus dated 1
July 2005, Dennis Proctor, Dennis Clark, Terry Gomke, Iain Paterson, George
Helland and Hector McFadyen took up their rights to subscribe for New Ordinary
Shares pursuant to the Rights Issue in full and Richard Hunting disposed of
sufficient of his Nil Paid Rights so as to enable him to subscribe for his
remaining entitlement to New Ordinary Shares.

Following the Rights Issue, the shareholdings of the Directors and Senior
Managers are as follows:

            Shares subscribed in     Nil Paid Shares sold in    Holding      %
            Rights Issue             Rights Issue
Directors
Richard
Hunting                     47,338                    129,728   755,606   0.60
Dennis                      46,832                          0   234,162   0.18
Proctor
Dennis                      43,678                          0   218,393   0.17
Clark
Terry                       31,756                          0   158,781   0.13
Gomke
Iain                           500                          0     2,500   0.00
Paterson
George                       3,750                          0    18,750   0.01
Helland
Hector
McFadyen                     5,000                          0    25,000   0.02

Senior
Managers
Wayne                        3,428                          0    17,141   0.01
Carels
Mike                         8,678                          0    43,391   0.03
Collins
Doug                        15,022                          0    75,110   0.06
Croteau
Rick                        16,053                          0    80,266   0.06
Taylor
Sam                         14,819                          0    74,097   0.06
McClements
Rob Davie                    6,593                          0    32,968   0.03

In addition all subsisting options, including those for Directors and Senior
Managers, are expected to be adjusted for the bonus element of the Rights Issue
by multiplying the number of options by a factor of 1.0694 and dividing the per
shares exercise price by the same factor.

Certain terms used in this announcement are defined and have the same meaning as
in the Prospectus dated 1 July 2005. All references to time in this announcement
are to London time.

Enquiries:

Hunting PLC
Dennis Proctor 001 281 442 7382
Dennis Clark 020 7321 0123

Close Brothers 020 7655 3100
Andrew Cunningham
Jack Newall

Hoare Govett 020 7678 8000
Andrew Foster
Bertie Whitehead

The Hogarth Partnership 020 7357 9477
Andrew Jaques
Edward Westropp

Close Brothers Corporate Finance Limited ('Close Brothers'), which is regulated
in the United Kingdom by The Financial Services Authority, is acting exclusively
for Hunting and for no one else in relation to the Rights Issue and will not be
responsible to anyone other than Hunting for providing the protections afforded
to customers of Close Brothers or for providing advice in relation to the Rights
Issue.

Hoare Govett Limited ('Hoare Govett'), which is regulated in the United Kingdom
by The Financial Services Authority, is acting exclusively for Hunting and for
no one else in relation to the Rights Issue and will not be responsible to
anyone other than Hunting for providing the protections afforded to customers of
Hoare Govett or for providing advice in relation to the Rights Issue.

The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this announcement is released, published or distributed
should inform themselves about and observe such restrictions.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE, OR FORM PART OF, AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR THE
SOLICITATION OF ANY VOTE OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANY
SALE, ISSUE OR TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN
ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW.




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