SAR - Speedy Hire Plc

Schroders PLC
4 July 2002

                                                                      FORM SAR 5

Lodge with a RIS or Newstrack and the Takeover Panel. A copy must also be sent
to the company the shares of which are sold.

Date of disclosure:     04/07/02


      DISCLOSURE UNDER NOTE 3 ON RULE 5 OF THE RULES GOVERNING SUBSTANTIAL
                        ACQUISITIONS OF SHARES ('SARs')


Date of sale     02/07/02


Sale of          Speedy Hire Plc

                                    
(1) Class of voting shares   Number of shares/rights over       If rights over shares sold, as
    (e.g. ordinary shares)   shares sold                        opposed to the shares themselves,
                                                                specify nature of rights

    Ordinary 5p shares                  50,000     shares

                                                   rights


                                    
(2) Resultant total holding over    Resultant total holding of rights   Total percentage
    of voting shares (and % of      shares (and % of total voting
    total voting shares in issue)   shares in issue)


            6,361,666 (14.955%)                                ( %)            (14.955%)


(3) Party making disclosure     Schroders plc

                                                      
(4) (a) Name of person selling shares                Schroders plc on behalf of institutional clients on
        or rights over shares and, if different,     a non-beneficial basis
        beneficial owner


    (b) Names of any other persons
        acting by agreement or understanding



Signed, for and on behalf of the party named in (3) above

(Also print name of signatory)     Alison Dunn

Telephone and extension number     020 7658 2959 (Direct line)

                          ___________________________

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Tel. No.: 020
7638 0129.



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