Acquisition

Speedy Hire PLC
04 February 2004

                                4 February 2004



                                Speedy Hire Plc



Acquisition of Tool Hire Business in Scotland and New Contract Agreements





Speedy Hire announces that it has acquired the business and certain assets of
Petreavie Tools Limited ('Petreavie') for a cash consideration of £327,000.



Petreavie is a well-respected independent tool hire business which operates in
Livingston and Dunfermline and will be integrated with the existing Speedy
Scotland network.



Independently of this acquisition, Speedy Hire is pleased to announce that it
has secured an enhanced preferred supplier agreement with Mowlem on a rolling
basis for a minimum of three years.  In addition, it has also signed a preferred
supplier agreement with Costain.



John Brown, Chief Executive, Speedy Hire Plc said:



'These preferred supplier agreements with two important clients show how Speedy
Hire continues to move ahead of its competitors in providing the high quality
service customers demand.'



 'We are pleased to be able to strengthen the Speedy Scotland network with the
acquisition of Petreavie and will continue to look for infill acquisitions and
greenfield sites throughout the UK.'



                                     -ends-




Speedy Hire Plc                                            Hudson Sandler

John Brown, Chief Executive                                Nick Lyon/Wendy Baker

Tel:  [phone]                                         Tel:  [phone]



                        Website:  www.speedyhire.plc.uk



Note to editors:



Speedy Hire is a leading provider of equipment hire services to UK contractors
and builders, industry, utilities and the public sector, operating from over 280
depots throughout the country.  The Group is focused primarily on tool hire,
with complementary businesses specialising in portable accommodation, surveying,
lifting and power generation equipment.




                      This information is provided by RNS
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