Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1: Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Speedy Hire PLC

2: Reason for notification (yes/no)

An acquisition or disposal of voting rights

No

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

Change to shares in issue

Yes

3. Full name of person(s) subject to the notification

obligation:

Hermes Equity Ownership Services Limited and Hermes Focus Asset Management Limited

4. Full name of shareholder(s) (if different from 3.):

Shares are held by the relevant custodian(s)

5. Date of the transaction (and date on which the threshold

is crossed or reached):

02/03/2012

6. Date on which issuer notified:

05/03/2012

7. Threshold(s) that is/are crossed or reached:

4%

8: Notified Details

A: Voting rights attached to shares

Class/type of share If possible use ISIN code

GB0000163088

Situation previous to the triggering transaction

Number of shares

Number of voting rights

29,008,256

29,008,256

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Percentage ofvoting rights

Direct

Indirect

Direct

Indirect

N/A

N/A

24,008,256

N/A

4.64166%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date

No. of voting rights that may be acquired(if the instrument exercised/converted)

Percentage of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 24,008,256

4.64166%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

BT Pension Scheme Trustees Limited, as a trustee of the BT Pension Scheme ("BTPS") controls Britel Fund Trustees Limited, which is the parent undertaking of Hermes Fund Managers Limited ("HFML"). HFML is the parent undertaking of:

1. Hermes Equity Ownership Services Limited ("HEOS") (voting rights 0.07167%)*

2. Hermes Focus Asset Management Limited ("HFAM") as General Partner of the following limited partnerships:

a. Hermes UK Specialist Focus Fund ("HUKSFF") (voting rights 5.87221%)**

* This notification is being made in respect of HEOS, which is an indirect holder of shares for the purpose of DTR 5.2.1 (h), as a result of control of voting rights in relation to such shares.

** HUKSFF has two general partners; Hermes Investment Management Limited and HFAM. Under the limited partnership agreement for HUKSFF the voting obligations are exercised by HFAM.

Proxy Voting:

10. Name of the proxy holder:

 See comment in Section 9

11. Number of voting rights proxy holder will cease to hold:

 See comment in Section 9

12. Date on which proxy holder will cease to hold voting rights:

 See comment in Section 9

13. Additional information:

14. Contact name:

Suzana Koncarevic

15. Contact telephone number:

01942 327206