Raises New Debt Facility

Speedy Hire PLC
15 August 2005

                                                                  15 August 2005





             Speedy Hire Plc Raises New £150 Million Debt Facility





Speedy Hire plc, today announces it has completed the signing of a new debt
facility totalling £150 million.



The new facility, structured as a five year revolving credit facility, will
refinance Speedy Hire's existing three year £125 million revolving credit
facility, which was due to expire in June 2006.



Commenting on the refinancing, Neil O'Brien, Finance Director, said:



'We are delighted at the strong support received from our key relationship banks
in this highly successful debt raising. These new facilities will comprise an
important element of our medium-term financing as Speedy Hire continues its
growth strategy.



Mandated Lead Arrangers were Barclays Bank, The Royal Bank of Scotland,
LloydsTSB and National Australia Bank. The Facility and Documentation Agent is
The Royal Bank of Scotland.



Speedy Hire was advised by Close Brothers Debt Advisory.



Contacts:


Speedy Hire Plc                                       Hudson Sandler
Neil O'Brien, Finance Director                        James Benjamin
Tel:  [phone]                                    Tel:  [phone]



Website:  www.speedyhire.plc.uk





Notes to Editors:



Speedy Hire is a leading provider of tool and equipment hire services to UK
contractors and builders, industry, utilities and the public sector, operating
from over 300 depots throughout the country.




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