Annual Report, Notice of AGM and Chairman Update

Aggreko plc

Annual Report and Accounts 2020, Notice of 2021 Annual General Meeting and Chairman Update

Aggreko plc (the "Company") announces that the Annual Report and Accounts for the year ended 31 December 2020 and the Notice of the 2021 Annual General Meeting ("AGM") are today being made available to shareholders.

The above documents can be viewed or downloaded from the Company's website at www.plc.aggreko.com/investors/investor-centre/2020-annual-report-summary.

The posting to shareholders of the 2020 Annual Report and Accounts and Notice of the 2021 AGM has commenced and in accordance with Listing Rule 9.6.1 copies have been submitted to the UK Listing Authority and will shortly be available for inspection from the National Storage Mechanism, which can be accessed at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism 

The announcement released on 1 March 2021 by the Company regarding the audited results for the year ended 31 December 2020 includes the information required by Disclosure and Transparency Rule 6.3.5 to be communicated to the media in full unedited text through a Regulated Information Service.

The Company's 2021 AGM will be held at Conrad London St. James, 22-28 Broadway, London SW1H 0BH at 11.00am on Thursday, 22 April 2021. In light of the current COVID-19 legislation and public health guidance issued by the UK and Scottish governments, restricting, amongst other things, public gatherings and travel, and in order to protect the wellbeing of our people and our shareholders, the Board has made the decision that this year's AGM will be held as a closed meeting. Further details of the closed meeting and how shareholders can engage with the business of the meeting is included in the Notice of AGM. The Company will continue to closely monitor the developing impact of COVID-19 and the latest legislation and guidance issued by both the UK and Scottish governments. If circumstances evolve such that the Board considers that, within safety constraints and in accordance with government guidance, arrangements regarding attendance at the AGM can change, the Company will notify shareholders as soon as reasonably practicable of any such changes via a Regulatory Information Service and on the 'AGM Information' page of our website at www.plc.aggreko.com.

On page 93 of the hard copy publication of the 2020 Annual Report and Accounts the Company stated that it intended to hold the 2021 AGM at 21 Palmer Street, London, SW1H 0AD. Due to a change of circumstances since the printing of the 2020 Annual Report and Accounts, the Company confirms that its 2021 AGM will be held at Conrad London St. James, 22-28 Broadway, London SW1H 0BH, as set out in the Notice of the 2021 AGM.

Recommended offer for the Company and re-election of Chairman

The AGM and the business to be conducted at the AGM will proceed as planned and detailed in the Notice of AGM, notwithstanding the ongoing process relating to the recommended offer for the Company announced on 5 March 2021 (the "Acquisition").

Although the Company previously announced that Ken Hanna would step down as Chairman and as a Non-executive Director of the Company at the conclusion of the 2021 AGM, the Board is now recommending that Ken Hanna be re-elected to continue to serve as Chairman and as a Non-executive Director for an interim period, to be determined by the Board (but in any event, to expire no later than 31 December 2021), so that the Company and Board will benefit from continuity of leadership during the period to complete the Acquisition. The Board intends that, on or as soon as reasonably practicable following the earlier of the completion or termination of the Acquisition (or any subsequent offer that may be made), Ken Hanna will step down as Chairman and as a Non-executive Director of the Company.

Further enquiries:

Simon Thomson

Group Legal Director and Company Secretary

Telephone: 0141 225 5900

18 March 2021