Acquisition

Intermodal Resource Plc
07 July 2005


                                        
                            INTERMODAL RESOURCE PLC
                        ('Intermodal' or 'the Company')
                                        
                       Announces the Proposed Acquisition
                                       of
                              Taylored Hire Limited
                                ('Taylored Hire')
                                      and
                                  A Placing of
                 11,086,362  New Ordinary Shares in the Company
                        at a Price of 11 pence per share

Intermodal, the equipment rental business serving the transport and logistics
industries in the UK and Europe, is  pleased to announce that it has exchanged
contracts for the acquisition of the entire issued share capital of Taylored 
Hire for £1.875 million ('the Acquisition').  Taylored Hire is a truck and
trailer contract hire and rental business,  based in the North West of England.

Established in 2000, Taylored Hire operates a fleet of 236 vehicles and 34
trailers serving a blue chip customer base.  Taylored Hire is run on a similar
business model to Intermodal.  The majority of its fleet is financed through 
operating leases matched to long term contract hire, eliminating residual value
exposure.  The average rental contract  is for three years and, as a result of
its focus on contract hire, Taylored Hire achieves utilisation levels of over 
98%.  Taylored Hire's managing director and founder, will remain with the
business.

The total consideration payable for the acquisition is £1.875 million, to be
satisfied as to £1.575 million in cash and  £0.3 million by the issue of
2,400,000 new ordinary shares in the Company.  The cash consideration is to be
funded by  bank facilities and the proceeds of a placing of 11,086,362 new
ordinary shares with institutional investors at 11  pence per share, 9,772,727
of which are being placed on behalf of the vendors of Taylored Hire ('the
Placing') raising  approximately £1.22 million gross. The balance of the
proceeds of the Placing will be applied to meet the expenses of  the
transaction.  The Acquisition and Placing are conditional upon, inter alia, the
new ordinary shares to be issued  pursuant to the Acquisition and Placing being
admitted to trading on AIM. Application has been made for such shares to  be
admitted to trading on AIM, effective on 11 July 2005.

For its financial year ended 31 March 2005, Taylored Hire achieved a profit
before tax of £0.317 million on turnover of  £3.569 million.  At 31 March 2005,
the company's net assets were £0.876 million.  The adjusted net asset value at
completion is expected to be approximately £0.375 million. The Acquisition is
expected to be earnings enhancing in Intermodal's current financial year ending
31 December 2005.

The acquisition of Taylored Hire expands Intermodal's range of products and
services, increases market penetration and  establishes a base for the group in
the North West.  Further, the directors expect that the integration of Taylored 
Hire into the Intermodal group will result in opportunities for cross-marketing
existing services to the Taylored Hire  customer base and vice versa. 
Importantly, the addition of truck rental services will enable Intermodal to
satisfy the  demand for 'full rig' hire.

As a result of the issue of shares pursuant to the Placing and Acquisition, the
Board has utilised almost all of its  available authority to issue new ordinary
shares.  Accordingly, the Company announces that it is today posting a  circular
to its shareholders convening an Extraordinary General Meeting for 2 August
2005.  The circular contains  resolutions to allow the Company to increase its
share capital authorities.

Increasing its share capital authorities will provide the Company with the
flexibility to raise additional funds for  its operations as and when it so
requires.  In particular, the Company is continuing to pursue its expansionist 
strategy and is regularly encountering opportunities for potential acquisitions.
 To be in a position to take advantage  of such opportunities, the Company
requires the ability to issue new shares - either to satisfy part or all of the 
consideration, or to issue to new investors by way of a cash placing, in each
case to fund such acquisitions.

Commenting on the acquisition, Robert Montague, Chief Executive of Intermodal,
said,

'This acquisition is an exciting development for us. Taylored Hire has rapidly
established a strong, high quality  service business which complements our own
operations.  In particular, its business model, which targets long term 
contract hire and avoids exposure to residual value risk, mirrors our approach
perfectly.  I believe that its addition  to our group further increases our
growth potential and broadens our market appeal.

We are continuing to pursue our strategy of strong organic growth while
examining other strategic acquisitions that  will help us to expand our
portfolio of products and services.'
Enquiries:

Intermodal Resource plc                         Tel: [phone] (today)
Robert Montague, Chief Executive Officer        Tel: [phone]

Biddicks                                        Tel: [phone]
Zoe Biddick or Katie Tzouliadis





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