Vp PLC : Interim Management Statement

Press Release

14 February 2013

Vp plc

("Vp" or "the Group")

Interim Management Statement

Vp plc, the equipment rental specialist, today provides an update on the performance of the business since the announcement of its Interim Results on 28 November 2012.

Trading across the Group remains in line with expectations and whilst there has been no tangible improvement in overall market conditions, most sectors have remained stable.  A sustained demand from regulated infrastructure markets has continued to provide a solid base for the Group, in the face of soft general construction demand.  In oil and gas, the lower levels of liquefied natural gas ("LNG") activity, highlighted at the Interim Results, have continued into the second half as anticipated.  However the Board is pleased to report that we have secured a number of LNG contracts in the Asia Pacific region which will contribute in the new financial year.

Optimisation of the performance of Vp's existing specialist activities remains the Board's priority and the Group continues to invest in support of secured opportunities as they arise.

Trading through the winter period has been satisfactory and the Board expects to report full year profits in line with market expectations.

- Ends -

For further information please contact:

Vp plc
Jeremy Pilkington, Chairman	Tel: [phone]
[e-mail]
Neil Stothard, Group Managing Director	Tel: [phone]
[e-mail]
Allison Bainbridge, Group Finance Director	Tel: [phone]
[e-mail]
Media enquiries:
Abchurch Communications
Henry Harrison- Topham / Jamie Hooper	Tel: [phone]
jamie.hooper @abchurch-group.com	www.abchurch-group.com

Notes to editors:

Vp plc is a specialist rental business providing products and services to a diverse range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK, but also overseas.

The Group is focused on six businesses:

Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and development markets.

Groundforce
Excavation support systems and specialist products for the water, civil engineering and construction industries primarily in the UK, but also in the Republic of Ireland and mainland Europe.

Hire Station
Tools and specialist products for industry, construction and home owners.

Torrent Trackside
Infrastructure equipment and services for the railway renewals and maintenance industry.

TPA
Portable roadway access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe.  

UK Forks
Rough terrain material handling equipment for the housebuilding, general construction and industrial markets.

Further information available at www.vpplc.com

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Source: Vp PLC via Thomson Reuters ONE

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