AGM Statement

Speedy Hire PLC 18 July 2006 18 July 2006 Speedy Hire Plc CHAIRMAN'S AGM STATEMENT At the Annual General Meeting to be held at 11:00am today Chairman David Wallis will give the following update on the Company's progress since the start of the current financial year. 'I am pleased to report that the new financial year has started well with overall first quarter turnover increasing by 29% on the comparative quarter last year. This represents an increase of 25% on last year, after adjusting for the recent LCH Generators acquisition announced on 15 May 2006. Both the Tool Hire and Equipment divisions continue to perform well. Tool hire turnover increased 17%, including a like for like figure of 7.4% which given the timing of the Easter trade shutdown we regard as highly satisfactory. All companies within the equipment division performed strongly with turnover increasing 50%. On the 30 June 2006 Speedy Hire joined the FTSE 250. This success bears testament to the commitment and dedication of all our people and on behalf of the Board I would like to thank them for their efforts. Our major customers continue to report strong order books and the market outlook remains positive. There is some evidence of certain government-backed projects being delayed. However, trading performance is in line with our expectations and overall we remain confident of reporting further progress for the group throughout the remainder of the financial year.' For further information: Speedy Hire Plc Hudson Sandler Steve Corcoran, Chief Executive Nick Lyon Neil O'Brien, Finance Director Kate Hough Tel: 01942 720 000 Tel: 020 7796 4133 Website: www.speedyhire.plc.uk Notes to Editors: Speedy Hire is the UK's No.1 provider of tools and equipment for hire. The Company operates from over 300 depots throughout the UK. The Group has also recently commenced trading in the Republic of Ireland. The Group's activities are the provision for hire of small tools, portable accommodation, compressed air, pumps, lifting and material handling, survey and measurement instrumentation and power generation equipment. This information is provided by RNS The company news service from the London Stock Exchange

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Speedy Hire (SDY)
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