AGM Statement

Speedy Hire PLC
21 July 2004


                                                                    21 July 2004

                                 Speedy Hire Plc

                            CHAIRMAN'S AGM STATEMENT


At the Annual General Meeting held in Haydock today, Chairman David Wallis said:


The new financial year has started strongly with a 15% increase in total
turnover.  Like for like turnover has increased by 11%, resulting in a further
increase in Speedy Hire's market share.  Profitability is in line with our
expectations and our key customers continue to report strong levels of both
current and future activity.


In accordance with our succession plans, John Brown who turned 60 last month,
will step down as CEO at the conclusion of the current financial year in March
2005 and will retire at the AGM in July 2005.  I am delighted to announce Steve
Corcoran as his successor with effect from the start of the new financial year
in April 2005.  In the intervening period, John will work with Steve Corcoran to
ensure a smooth transition of responsibilities during the months preceding his
formal retirement.


Steve Corcoran has been with Speedy Hire for almost 14 years and has played a
major part in the company's growth, helping it become the clear market leader.
Together with Andrew Simpson as Business Development Director and Neil O'Brien
as Finance Director, I am confident that we have a strong team to continue to
drive future growth.


Provided there is no significant change in the UK economy, Speedy Hire can look
forward to making further progress in the year ahead.


For further information:

Speedy Hire Plc                                         gcg hudson sandler

John Brown, Chief Executive                             James Benjamin
Neil O'Brien, Finance Director                          Tel:  [phone]
Tel:  [phone]


Website:  www.speedyhire.plc.uk


Notes 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 engaged primarily in tool hire,
with complementary businesses specialising in portable accommodation, surveying,
lifting and power generation equipment.


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