Holding in Company

Speedy Hire PLC
26 November 2001


Letter to Speedy Hire Plc - dated 22 November 2001

5p ORDINARY SHARES ('SHARES')

We write to advise you that we, Schroder Investment Management Limited, have an 
interest in 5,932,823 shares which are held in portfolios managed by us on a 
discretionary basis for clients under investment management agreements.

Included in this figure are:-

(i)    4,868,523 shares held in (a) unit trust(s) operated and managed by 
another wholly-owned subsidiary, Schroder Unit Trusts Limited (SUTL), and 
registered or to be registered in the name of Chase Nominee and,

(ii)   1,064,300 shares neither registered nor to be registered in the name of 
Schroder Nominees. The registration details are shown on the schedule below.

A wholly-owned subsidiary, Schroder Investment Management North America Limited 
(SIMNA Ltd), is managing on a discretionary basis (a) portfolio(s) holding a 
further 180,500 shares, while an affiliated company, Schroder Investment 
Management North America Inc (SIMNA Inc), is managing (a) portfolio(s) on a 
similar basis holding a further 63,800 shares. These shares are registered or to
be registered in the name of Chase Nominees Limited.

We believe that we, our subsidiary and affiliated company are therefore 
interested in an overall aggregate of 6,177,123 shares, representing some 
14.521% of the total number of shares in issue, namely 42,538,835.
 
This notification is made to you:-

(a) in respect of our interest as investment managers and also by virtue of the 
fact that we are the parent company of SIMNA and SUTL,

(b) on behalf of SIMNA Inc and SUTL in relation to the interests they are 
treated as having respectively under the Companies Act 1985 (the Act), and

(c) on behalf of Schroders plc., our holding company, which is treated as having
an interest in all of the above shares under the Act by virtue of its ownership 
of SIMNA Inc and ourselves.

Letter from Schroder Investment Management Limited



5P ORDINARY SHARES

SCHEDULE

REGISTRATION                                      AMOUNT

Imperial Pensions Nominees Limited                  525,000
Nutraco Nominees Ltd                                114,300
BT Globenet Nominees Ltd a/c: 6B                    425,000

                                                  1,064,300