Pre-Close Trading Update

Hunting PLC 14 December 2006 14 December 2006 Hunting PLC ('Hunting', the 'Company') Pre-Close Trading Update Hunting's preliminary results for the full year to 31 December 2006 will be announced on 1 March 2007. Dennis Proctor, Hunting's Chief Executive, said: 'Current trading is strong and our year end results are expected to be ahead of current market expectations. Because commodity prices remain strong relative to historical levels, the recent declines have not adversely impacted the Company's order books and production backlogs. In Gibson Energy, all divisions have seen growth through the year with Moose Jaw Asphalt providing a significant contribution from wellsite fluids, lower throughput costs and production efficiencies. In Hunting Energy, the increased rig activity world wide has benefited all products and services in well construction and well completion. Exploration and production in the Gulf of Mexico has seen a recovery following the 2005 hurricane activity to levels at or near 100%. Capital expenditure, committed in prior periods as well as the current year, will provide additional opportunities for growth in 2007, following the benefits received in 2006. For 2007, global activity is forecast to improve by approximately 9% in drilling and production. However, exchange rates, oil company capital expenditure increases and manpower will determine the year over year growth level. The assets of Hunting are well positioned with long term contracts, new more efficient equipment and strong order books to enter 2007.' For further information, please contact: Hunting PLC Dennis Proctor, Chief Executive Tel: 020 7321 0123/ Tel: 001 281 442 7382 Dennis Clark, Finance Director Tel: 020 7321 0123 Hogarth Partnership Limited Tel: 020 7357 9477 Andrew Jaques Anthony Arthur Notes to Editors: Hunting PLC is an international oil services company providing solutions to the world's oil and gas companies. This information is provided by RNS The company news service from the London Stock Exchange

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Hunting (HTG)
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