Increased Banking Facilities

Speedy Hire PLC
01 November 2004


                                                                 1 November 2004

                                Speedy Hire Plc
                         ('Speedy Hire' or the 'Group')
                          Increased Banking Facilities


Speedy Hire announces that it has increased its committed banking facilities
from £100 million to £125 million.

Speedy Hire's existing banking syndicate of Barclays Capital, The Royal Bank of
Scotland, Lloyds TSB Bank and National Australia Bank have increased their
participation pro-rata to their original commitments dating from June 2003.
Interest rate margins and the facilities' expiry date of June 2006 remain
unchanged.

John Brown, Chief Executive, said:

'Speedy Hire's recent acquisitions of Multi Group, Rentair and Simons Group's
internal hire division are performing well and the Group's organic growth
remains strong.  Speedy Hire continues to pursue carefully evaluated greenfield
openings and strategic acquisitions and these increased facilities will assist
us to build on our position as the UK's largest tool and equipment hirer.'

                                     -ends-


                             www.speedyhire.plc.uk

Speedy Hire Plc                                    gcg hudson sandler
Neil O'Brien, Group Finance Director               Nick Lyon / James Benjamin
Tel:  [phone]                                Tel:  [phone]


Note 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 300
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