25 July 2016

For Immediate Release 

Speedy Hire plc

("Speedy" or the "Company")

Requisition of General Meeting

Speedy announces that it has received a letter from Morgan Stanley Client Securities Nominees Limited (as nominee of and on the instructions of Toscafund Asset Management LLP), a shareholder holding in excess of five per cent. of the paid up capital of the Company, requisitioning a general meeting of the Company's shareholders (the "Requisition").

The Requisition proposes resolutions that Jan Åstrand be removed from the Board of Directors of the Company, and that David Shearer be appointed to the Board of Directors of the Company. 

The Board of Directors intends to call such a general meeting within 21 days of the receipt of the Requisition and to provide for such meeting to be held on a date not more than 28 days after the date of the notice of such meeting.

Shareholders are advised to take no action at this time. Further announcements will be made in due course.

Enquiries:

Instinctif Partners                                                                                                Tel: 020 7457 2020

Mark Garraway