Increased Banking Facilities

Speedy Hire PLC
30 June 2003







                                                                    30 June 2003

                                Speedy Hire Plc

                           Increased Banking Facilities





Speedy Hire announces that it has entered into new three year committed banking
arrangements with a syndicate of banks led by Barclays Capital and the Royal
Bank of Scotland and joined by Lloyds TSB Bank and Yorkshire Bank.  These new
banking arrangements increase the Group's borrowing facilities to £100 million.



In its preliminary results announcement for the 12 months to 30 March 2003,
Speedy Hire announced that sales, profits and earnings from continuing
activities had all grown.  As at 30 March 2003, net debt and gearing had fallen
to £53 million and 67% respectively.



John Brown, Chief Executive, commented 'Speedy Hire has taken advantage of the
current highly competitive banking environment to increase and simplify the
Group's facilities on favourable terms and achieve greater financial
flexibility.  Speedy Hire is well placed to continue its drive towards
establishing a network of 400 depots over the next five years through a
combination of greenfield development and carefully evaluated acquisitions'.



                                     -ends-




Speedy Hire Plc                                      Hudson Sandler

John Brown, Chief Executive                          Nick Lyon / Wendy Baker

Neil O'Brien, Group 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 250
depots throughout the country.  The Group is focused primarily on tool hire,
with complementary businesses specialising in portable accommodation, surveying,
lifting and power generation equipment.


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