Acquisition

Ashtead Group PLC 05 May 2005 Ashtead Group plc 5th May 2005 Ashtead Group plc subsidiary acquires plant and tool business Ashtead Group plc announces that its UK subsidiary, A-Plant, has acquired the plant and tool hire business of Howard Plant (Poole) Limited for a consideration of £436,467 subject to a physical inspection of the assets being acquired. The skip hire business carried on by Howard Plant (Poole) Limited will remain with the vendors and will move to a new location. Deferred consideration will be payable based on the next twelve month's hire income arising from the assets being acquired, subject to a minimum of £20,000. Turnover of the business being acquired was approx £600,000 in the year to 31 March 2005. The new location complements A-Plant's South Coast businesses in Fareham, Southampton and Weymouth. A-Plant operates from over 200 locations in Great Britain and is a market leader in the provision of plant, tools and specialist equipment to over 40,000 customers in the construction, industrial, commercial, utility and homeowner markets. Contacts: Cob Stenham Non-executive chairman 020 7299 5562 George Burnett Chief executive ) Ian Robson Finance director ) 01372 362300 This information is provided by RNS The company news service from the London Stock Exchange
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