Trading Statement

Northgate PLC 09 November 2005 9 November 2005 Northgate plc Pre-Close Trading Statement Northgate plc ('Northgate' or the 'Group'), the leading commercial vehicle hire company in the UK and Spain, is today issuing an update on trading ahead of its close period before the release of its interim results for the period ended 31 October 2005. As set out in the AGM statement on 28 September 2005, the Group has been affected by some weakness in its UK market, particularly in supplying to the construction, retail and distribution sectors. Consequently, the size of the UK fleet during the half-year remained static albeit utilisation was maintained at 90%. It is pleasing to report, however, that fleet growth returned to planned levels in September and October. Competitive pressures have led to a slight decrease in UK hire rates in recent months. Management actions taken on vehicle disposals have resulted in the Group being better placed to achieve a modest improvement in residual profits during the remainder of the year. Both Fualsa and Record, Northgate's businesses in Spain, continue to perform well with combined fleet growth and earnings in line with the Board's expectations. The Board looks forward to a satisfactory outcome for the Group for the year as a whole. Northgate's interim results will be announced on 10 January 2006. -Ends- For further information, please contact: Northgate plc Tel: 01325 467558 Steve Smith, Chief Executive Officer Gerard Murray, Group Finance Director Hogarth Partnership Limited Tel: 0207 357 9477 Andrew Jaques Barnaby Fry Edward Westropp Further information regarding Northgate can be found on the Group's website: http://www.northgateplc.com This information is provided by RNS The company news service from the London Stock Exchange
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