Holding(s) in Company

Speedy Hire PLC
1 April 2003

Letter to: Speedy Hire Plc

5p ORDINARY SHARES ('SHARES')

We write to advise you that we, Schroder Investment Management Limited, have an 
interest in 5,708,080 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)    3,778,080 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)   1,930,000 shares neither registered nor to be registered in the name of 
       Schroder Nominees. The registration details are shown on the enclosed 
       schedule.

An affiliated company, Schroder Investment Management North America Inc 
(SIMNA Inc), is managing (a) portfolio(s) on a similar basis holding a further 
234,864 shares which are registered or to be registered in the name of 
J P Morgan.

We believe that we, our subsidiary and affiliated company are therefore 
interested in an overall aggregate of 5,942,944 shares, representing some 
13.953% of the total number of shares in issue, namely 42,593,678.

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. SUTL and ourselves.

 


                         5P ORDINARY SHARES 

                              SCHEDULE
 


REGISTRATION                                             AMOUNT


Chase Nominees Limited                                   200,000
British Coal Staff Superannuation a/c: P                 667,000
Mineworkers' Pension Scheme a/c: R                       313,000
Imperial Pensions Nominees Limited                       500,000
BT Globenet Nominees Ltd a/c: 6B                         250,000
                                                       1,930,000


Letter from: Schroder Investment Management Limited    



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