Interim Management Statement

28 October 2013

Aggreko plc

INTERIM MANAGEMENT STATEMENT

· Trading in line with expectations

· Local business performing well

· Strong cash generation

Aggreko plc, the world leader in the supply of temporary power and temperature control, is today issuing its Interim Management Statement covering the period from 1 July 2013 to date.

Trading

Trading in the third quarter has been in line with our expectations, with underlying Group revenues and trading margins in the three months to 30 September 2013 slightly ahead of the same period last year; "underlying" excludes £37 million of revenues from the London Olympics recognised in the third quarter of 2012, pass-through fuel and the impact of currency movements. On a reported basis, revenues decreased by 6% and trading margins were a little lower than the same period last year.

On an underlying basis, the Americas region grew revenues by 6%; Asia, Pacific and Australia (APAC) was 17% lower than last year, due largely to off hires in the last twelve months in Japan and Indonesia; Europe, Middle East and Africa (EMEA) grew 8%, helped by full production from our 430MW of gas contracts in Mozambique and Cote d'Ivoire.

Local business revenues in the third quarter were up 4% on an underlying basis, with underlying margins ahead of last year. Our Local business in the Americas performed particularly strongly, with revenue growth of nearly 10%, whilst APAC and EMEA were flat in the face of softer conditions in Australia, and the absence of two large contracts in Cyprus and Oman which ran through the third quarter of 2012.

Power Projects revenues in the third quarter were 2% down on an underlying basis with trading margins slightly behind last year. As we expected, third quarter order intake was at similar levels to the prior year at 105MW, which includes a 50MW contract to supply power to Guinea; at the end of the third quarter order intake stood at 502MW. We have recently agreed with our Japanese customer to further extend our 150MW diesel contract, which was due to off-hire in September.

Conversion of our G3 diesel sets into HFO and the high-efficiency G3+ sets has ramped up to around 36 units per month, and we are on track to have completed over 350 conversions by the end of the year; in October we signed another contract for a 20MW HFO plant in Africa, which takes our total HFO contracts in the Power Projects and Local business to more than 110MW across 6 customers.

Financial position

Net debt decreased by £83 million in the three months to 30 September 2013, and stood at £469 million, £216 million lower than the position at 30 September 2012.

Outlook

On an underlying basis we expect that the Local business will continue to perform well; we expect underlying revenues and margins to be ahead of the prior year both in the second half and on a full year basis.

In Power Projects, we expect underlying revenues in the second half to be slightly down on the prior year, but higher than in the first half with increased revenues from our gas projects offsetting reduced revenues from Military and Japan. Although the prospect pipeline remains strong, with the number of MW quoted over the last six months standing at record levels, we have yet to see a pickup in the conversion rate.

In terms of fleet capital expenditure we expect to spend around £230 million in the current year and to invest around £140 million in the first half of 2014, reflecting the continued growth of our Local business and further investment in our gas and HFO fleets.

For 2013, we expect that Group profit before tax will be in line with market expectations.

A conference call for investors and analysts will take place today at 0830 GMT. To join the call please dial 0808 237 0030 (UK only) or + 44 20 3139 4830, participant code 19843641#.

For audio playback please dial 0808 237 0026 (UK only) or +44 20 3426 2807, playback reference 642944#.

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Enquiries to:

Rupert Soames / Angus Cockburn

Aggreko plc

Tel: 0141 225 5900

Neil Bennett / Tom Eckersley

Maitland

Tel: 020 7379 5151