AGM Trading Statement

Northgate PLC 28 September 2005 28 September 2005 Northgate plc AGM Trading Statement Northgate plc ('Northgate', the 'Group'), the UK's leading commercial vehicle hire company, will be holding its AGM today. Martin Ballinger, Chairman of Northgate, will be making the following statement: 'In common with most other suppliers to the construction, retail and distribution sectors, the Group has been affected by some weakness in its UK market in the first four months of the year. In particular, fleet growth has not been at planned levels and hire rates have weakened slightly as a result of competitive pressure. In a similar manner to the summer of 2003, actions have been taken to reduce the impact of these conditions in the remainder of the year. As reported in the operational review for the year ended 30 April 2005, the used vehicle residual market is weaker than the prior year, albeit we continue to operate within our long-term break even range. 'Outside the UK, the acquisition of Record, coupled with the continuing good performance from Fualsa, gives us confidence in our ability to meet the demanding targets set for our business in Spain. 'We continue to anticipate a satisfactory outcome for the Group for the year as a whole. 'Northgate continues to be in discussions with regard to an offer for the Group. There can be no certainty that any offer will be forthcoming. A further announcement will be made in due course.' -Ends- For further information, please contact: Northgate plc Tel: 01325 467558 Steve Smith, Chief Executive Officer Gerard Murray, Group Finance Director Hogarth Partnership Limited Tel: 0207 357 9477 Andrew Jaques Barnaby Fry Edward Westropp Further information regarding Northgate can be found on the Group's website: http://www.northgateplc.com This information is provided by RNS The company news service from the London Stock Exchange

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