Result of Equity Placing

Speedy Hire PLC
14 June 2007



                                SPEEDY HIRE Plc

                            Result of equity placing

                                                                    14 June 2007


Further to its announcement earlier today, Speedy Hire Plc ('Speedy Hire' or the
'Company') announces that it has successfully placed 4,359,800 new ordinary
shares of 5 pence each (the 'Placing Shares') at 1250 pence per share with
institutional investors to raise approximately £54.5m, before expenses 
(the ' Placing'). The Placing Shares represent approximately 9.5 per cent. of 
the Company's existing issued share capital. The Placing is to help fund the
proposed acquisition of the trade and assets of the tool hire division of Hewden
Stuart Plc, a wholly owned subsidiary of Finning International Inc. 
(the ' Acquisition') and to ensure that Speedy Hire has the flexibility to 
continue to invest at appropriate levels in its business.

The Placing comprises two tranches. The first tranche of 2,179,900 new ordinary
shares of 5p each (the 'Firm Placing Shares') is not conditional on the
Acquisition and has been underwritten by Oriel Securities Limited. The Firm
Placing Shares represent approximately 4.7 per cent. of the Company's existing
issued share capital. The Firm Placing Shares will be issued credited as fully
paid and will rank equally in all respects with the existing ordinary shares of
Speedy Hire, including the right to receive all future dividends and other
distributions, including, for the avoidance of doubt, the proposed final
dividend of 11.5 pence per share payable to shareholders on the Company's
register on 22 June 2007. Application will be made for the Firm Placing Shares
to be admitted to the Official List and to be admitted to trading by the London
Stock Exchange on its market for listed securities ('First Admission').  The
placing of the Firm Placing Shares is conditional only on First Admission, which
is expected to take place on 20 June 2007.


The second tranche of 2,179,900 new ordinary shares of 5p each (the 'Conditional
Placing Shares') also represents approximately 4.7 per cent. of the Company's
existing issued share capital.  The Conditional Placing Shares will be issued
credited as fully paid and will rank equally in all respects with the existing
ordinary shares of Speedy Hire, including the right to receive all future
dividends and other distributions, but excluding, for the avoidance of doubt,
the proposed final dividend of 11.5 pence per share payable to shareholders on
the Company's register on 22 June 2007.  Application will in due course be made
for the Conditional Placing Shares to be admitted to the Official List and to be
admitted to trading by the London Stock Exchange on its market for listed
securities ('Second Admission').  The placing of the Conditional Placing Shares
is conditional upon the following:


- Resolutions being passed at Speedy Hire's forthcoming annual general meeting
(expected to take place on 17 July 2007) to authorise Speedy Hire's directors to
allot and issue the Conditional Placing Shares on a non pre-emptive basis;


- Completion of the Acquisition; and

- Second Admission.


Completion of the Acquisition is expected to take place on 31 July 2007 and
Second Admission is expected to be on 2 August 2007.


For further information, please contact:

Speedy Hire Plc
Steve Corcoran, Chief Executive
Neil O'Brien, Finance Director
Telephone:        [phone]


Rothschild
Richard Bailey
Telephone:        [phone]


Oriel Securities Limited
Adrian McMillan
Natalie Fortescue
Telephone:        [phone]


Hudson Sandler
Nick Lyon
Wendy Baker
Kate Hough
Telephone:        [phone]



Note to editors:

Speedy Hire is the number one provider of equipment hire services in the UK,
operating from 361 depots throughout the UK.  The Group is focused primarily on
tool hire, with complementary businesses specialising in portable accommodation,
lifting equipment, surveying and measurement instruments and compressed air and
power generating equipment.


Further information is available on the company's website: www.speedyhire.plc.uk

N M Rothschild & Sons Limited ('Rothschild'), which is authorised and regulated
by the UK Financial Services Authority, is acting for Speedy Hire and no one
else in connection with the subject matter of this announcement and will not be
responsible to anyone other than Speedy Hire for providing the protections
afforded to clients of Rothschild or for providing advice in relation to the
subject matter of this announcement.

Oriel Securities Limited ('Oriel'), which is authorised and regulated by the UK
Financial Services Authority, is acting for Speedy Hire and no one else in
connection with the subject matter of this announcement and will not be
responsible to anyone other than Speedy Hire for providing the protections
afforded to clients of Oriel or for providing advice in relation to the subject
matter of this announcement.

This announcement does not constitute an offer to sell or the solicitation of an
offer to acquire ordinary shares in the share capital of Speedy Hire ('Shares').

The information contained in this announcement is not for release, publication
or distribution to persons in the United States, Australia, France, Canada,
Japan, New Zealand or the Republic of South Africa. This announcement is not an
offer of securities for sale into the United States. The Shares have not been
and will not be registered under the US Securities Act of 1933, as amended, and
may not be offered or sold, directly or indirectly, in the United States absent
registration or an exemption from registration. The Shares have not been and
will not be registered with any regulatory authority of any state within the
United States. There will be no public offer of securities in the United States.

Certain statements in this announcement are forward-looking statements. These
forward-looking statements speak only as at the date of this announcement. Such
statements are based on current expectations and beliefs and, by their nature,
are subject to a number of known and unknown risks and uncertainties that could
cause actual results and performance to differ materially from any expected
future results or performance expressed or implied by the forward-looking
statement. There are several factors which could cause actual results to differ
materially from those expressed or implied in the forward-looking statements.
These factors include Speedy Hire's ability to successfully combine the
businesses of Speedy Hire and Hewden Tools and to realise expected synergies
from that combination, changes in global, political, economic, business,
competitive, market or regulatory forces, future exchange and interest rates,
changes in tax rates and future business combinations or dispositions. The
information and opinions expressed in this announcement are subject to change
without notice and none of Speedy Hire, Rothschild or Oriel assumes any
responsibility or obligation to update publicly or review any of the
forward-looking statements contained herein, regardless of whether those
statements are affected by the results of new information, future events or
otherwise.

No statement in this announcement is intended to be a profit forecast and no
statement in this announcement should be interpreted to mean that Earnings per
Share for the current or future financial years would necessarily match or
exceed the historical published Earnings per Share.





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