Placing

Intermodal Resource Plc
23 March 2005





                            Intermodal Resource plc

                        ('Intermodal' or the 'Company')

          Placing to raise £600,000 to accelerate continued expansion

Intermodal, which provides transport equipment, including swapbodies and
trailers, for rental in the UK and Europe, announces that it has raised
£600,000, before expenses, by placing 4,615,384 new ordinary shares at 13p per
share (the 'Placing'). This represents in aggregate 10.17 per cent. of the
enlarged share capital of the Company.

The funds raised will support the continuing expansion of the Company's German
swapbodies business, Axis Intermodal ('Axis') and, in particular, Axis'
programme of acquiring and refurbishing second-hand swapbodies.

Application will be made for the new ordinary shares, which will rank pari passu
in all respects with the existing issued ordinary share capital of the Company,
to be admitted to trading on AIM, which is expected to occur on 29 March 2005.
The Placing is conditional on admission becoming effective.

Enquiries:

Intermodal Resource plc                                Tel: [phone]
Robert Montague, Chief Executive Officer

Strand Partners Limited                                Tel: [phone]
James Harris

Biddicks                                               Tel: [phone]
Katie Tzouliadis



About Intermodal Resource plc

Intermodal, which joined AIM in August 2004, provides transport equipment for
rental. The Group comprises two divisions, Axis and Trailerent, and operates
principally in Germany and the UK.

Axis specialises in the provision of swapbodies, (a type of steel freight
container with legs) and container-carrying road chassis. Trailerent provides
road trailers for rental in the UK.




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