Contractural Renewal

Speedy Hire PLC
31 January 2003

                                                                 31 January 2003


                                 SPEEDY HIRE PLC

                       CONTRACT RENEWAL WITH KIER GROUP



Contract Renewal


Speedy Hire plc is pleased to announce that Kier Group plc is extending its
preferred supplier agreement with Speedy Hire.

This new 2 year agreement is estimated to be worth £3 million per annum and
involves Speedy Hire supporting all Kier Group's UK activities.

John Brown, Chief Executive, Speedy Hire plc said: 'This contract extension is
excellent news for both companies as it will allow Kier Group and Speedy Hire to
further capitalise on the benefits of the original agreement.

'We appreciate the confidence that Kier Group have in our national network and I
believe that this contract renewal shows how Speedy Hire continues to move ahead
of its competitors in providing the high quality service customers demand.'

Post Interim Results Trading Update

Speedy Hire plc confirms that trading following its interim results (announced
on 27 November 2002) continues to be in line with management's expectations with
like for like hire turnover up 7% for the first nine months of the year.  We
remain confident for the full financial year.

Enquiries:

Speedy Hire Plc                                      Hudson Sandler
John Brown, Chief Executive                          Nick Lyon / Wendy Baker
Neil O'Brien, Finance Director                       Tel:  [phone]
Tel:  [phone]



For further information:  www.speedyhire.plc.uk

Speedy Hire is a leading provider of equipment hire services to UK contractors
and builders, industry, utilities and the public sector, operating from over 250
depots throughout the country.  The Group is focused primarily on tool hire,
with complementary businesses specialising in portable accommodation, surveying
and power generation equipment.


                      This information is provided by RNS
            The company news service from the London Stock Exchange