AGM Statement

Northgate PLC 12 September 2001 12 September 2001 Northgate plc AGM Trading Statement Northgate plc ('Northgate'), the UK's leading commercial vehicle hire company, held its AGM today. Michael Waring, Chairman of Northgate, made the following statement: 'Trading in the first quarter of the current financial year is in line with our expectations. I am also pleased to report that both hire rates and profits on disposal of used vehicles have continued to show the improvements anticipated by us in our annual review. Vehicle utilisation levels have averaged 90%. 'Northgate now operates a fleet in excess of 37,000 mainly light commercial vehicles from 51 locations throughout the UK and Ireland, servicing more than 9,000 active customers.' - Ends - For further information, please contact: Northgate plc Tel: 01325 467 558 Steve Smith - Managing Director Phil Moorhouse - Finance Director Tel: 020 7357 9477 Hogarth Partnership Limited Andrew Jaques / John Olsen / Tom Leatherbarrow Notes to Editors Northgate plc rents light commercial vehicles to businesses from a network of hire companies throughout the UK and Ireland. Their NORFLEX flexible fleet hire product gives businesses access to a flexible and risk-free method to acquire as many commercial vehicles as they require. Northgate's turnover for the year ended 30th April 2001 was £262m. It is listed on the London Stock Exchange and has a market capitalisation of some £290m. Further information regarding Northgate plc can be found on the Company's website: http://www.northgateplc.com

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