Holding(s) in Company

Speedy Hire PLC
6 June 2002

Letter to Speedy Hire Plc

5p ORDINARY SHARES ('SHARES')

We write to advise you that we, Schroder Investment Management Limited, have an
interest in 6,212,866 shares which are held in portfolios managed by us on a
discretionary basis for clients under investment management agreements.

Included in this figure are:-

(i)    4,467,866 shares held in (a) unit trust(s) operated and managed by an 
       affiliated company, Schroder Unit Trusts Limited (SUTL), and registered 
       or to be registered in the name of Chase Nominees Limited and,

(ii)    1,745,000 shares neither registered nor to be registered in the name of 
        Schroder Nominees. The registration details are shown on the schedule 
        below.

A wholly-owned subsidiary, Schroder Investment Management North America Limited
(SIMNA Ltd), is managing on a discretionary basis (a) portfolio(s) holding a
further 130,000 shares. These shares are registered or to be registered in the
name of Chase Nominees Limited.

An affiliated company, Schroder Investment Management North America Inc (SIMNA
Inc), is managing (a) portfolio(s) on a similar basis holding a further 93,800
shares, 63,800 shares are registered or to be registered in the name of Chase
Nominees Limited, while 30,000 shares are registered or to be registered in the
name of State Street.

We believe that we, our subsidiary and affiliated company are therefore
interested in an overall aggregate of 6,436,666 shares, representing some
15.131% of the total number of shares in issue, namely 42,538,835.

This notification is made to you:-

(a) In respect of our Interest as investment,

(b) on behalf of SIMNA Inc and SUTL in relation to the interests they are
treated as having respectively under the Companies Act 1985 (the Act), and
 
(c) on behalf of Schroders plc., our holding company, which is treated as having
an interest in all of the above shares under the Act by virtue of its ownership
of SIMNA Inc, SIMNA Ltd, SUTL and ourselves.

We shall be grateful if you will kindly let us have a copy of your notification
to the Stock Exchange and if you will also confirm the total number of shares
currently In Issue.

                              5P ORDINARY SHARES

                                  SCHEDULE

REGISTRATION                                                        AMOUNT

British Coal Staff Superannuation a/c: P                            607,000
Mineworkers' Pension Scheme a/c: R                                  288,000
Imperial Pensions Nominees Limited                                  500,000

BT Globenet Nominees Ltd a/c: 6B                                    350,000

                                                                  1,745,000  



From Schroders
 
                   





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