Acquisition

Hunting PLC
7 January 2002

                                                                7 January 2002

                               HUNTING PLC

Acquisition of Moose Jaw Asphalt Inc. for £14.0 million and current trading
update

Acquisition

Hunting PLC, the international oil services company, announces the acquisition
of Moose Jaw Asphalt (MJA) based in Saskatchewan, Canada for a cash
consideration of £14.0 million.  The net assets are estimated to be £9.3
million, giving rise to goodwill of £4.7 million.

MJA began as an oil refinery in 1934 and moved into asphalt manufacturing in
1971. Today the company refines, processes and markets a variety of asphaltic
paving products and specialty distillates for customers throughout Western
Canada and the Midwestern United States.

In the twelve months to 30th June 2001, per unaudited accounts, MJA achieved
turnover of £40.2 million and an operating profit of £ 3.7 million.  MJA will
be integrated into Hunting's Gibson Petroleum, a major mid-stream oil and gas
service company in Western Canada, and will enhance Gibson's market leading
position with MJA's products and services.

Current trading

Hunting has been significantly strengthened by important strategic
acquisitions, such as the purchase of Moose Jaw Asphalt, and is well placed to
take advantage of market opportunities over the medium term.  The Board is
confident about future prospects, however the market is unlikely to be as
buoyant in the first half of 2002 as the same period in 2001 due to lower
energy prices and lower activity levels in the industry.


Enquiries:

Dennis Proctor                                              001 281 442 7382
Chief Executive, Hunting PLC

Dennis Clark
Finance Director, Hunting PLC                               020 7321 0123

Tom Buchanan
Brunswick Group Limited                                     020 7404 5959

Notes to Editors:

Hunting PLC is an international oil services company providing support
solutions to the world's largest oil and gas companies.