Holding in Company

Speedy Hire PLC
27 November 2001



Letter to:  Speedy Hire PLC
Dated 26 November 2001


5p ORDINARY SHARES ('SHARES')


We write to advise you that we, Schroder Investment Management Limited, have an 
interest in 5,677,123 shares which are held in portfolios managed by us on a 
discretionary basis for clients under investment management agreements.

Included in this figure are;-

(i)    4,468,523 shares held in (a) unit trust(s) operated and managed by 
another wholly-owned subsidiary, Schroder Unit Trusts Limited (SUTL), and 
registered or to be registered in the name of Chase Nominee and.

(ii)    964,300 shares neither registered nor to be registered in the name of 
Schroder Nominees.  The registration details are shown on the enclosed schedule.

A wholly-owned subsidiary, Schroder Investment Management North America Limited 
(SIMNA Ltd), is managing on a discretionary basis (a) portfolio(s) holding a 
further 180,500 shares, while an affiliated company, Schroder Investment 
Management North America Inc (SIMNA Inc), is managing (a) portfolio(s) on a 
similar basis holding a further 63,800 shares. These shares share registered or 
to be registered in the name of Chase Nominees Limited.

We believe that we, our subsidiary and affiliated company are therefore 
interested in an overall aggregate of 5,677,123 shares, representing some 
13.346% of the total number of shares in issue, namely 42,538,835.


This notification is made to you:-

(a) in respect of our interest as investment managers and also by virtue of the 
fact that we are the parent company of SIMNA and SUTL,

(b) on behalf of SIMNA Inc and SUTL in relation to the interests they are 
treated as having respectively under the Companies Act 1985 (the Act), and

(c) on behalf of Schroders plc., our holding company, which is treated as having
an interest in all of the above shares under the Act by virtue of its ownership 
of SIMNA Inc and ourselves.

From Schroders Investment Management Limited
     Brenda Versteeg Compliance Reporting Assistant


                                  5P ORDINARY SHARES 

                                        SCHEDULE
                                                           

REGISTRATION                                 AMOUNT


Imperial Pensions Nominees Limited           500,000 
Nutraco Nominees Ltd                         114,300
BT Globenet Nominees Ltd a/c: 6B             350,000
                                             
                                             964,300