Trading Statement

15 June 2012

Aggreko plc

TRADING UPDATE

Strong performance expected for first half of the year

Aggreko plc, the world leader in the supply of temporary power and temperature control, is giving the following update on trading prior to entering its close period in respect of the half-year ending 30th June 2012. Interim results will be announced on Thursday, 2nd August 2012. Highlights of the update are as follows:

- First half underlying Group revenue(1) anticipated to grow by around 15% and trading profit1 by around 20%

- 75 MW contract won in Japan

- Fleet investment to increase by a further £50 million to around £415 million in 2012

Trading Update

The Group expects to deliver a strong performance for the first half. We anticipate that first half underlying Group revenue(1) will grow by around 15% and trading profit1 by around 20%. On a reported basis, Group revenue and trading profit are expected to increase by around 14% and 25% respectively.

In our International Power Projects business, revenue excluding pass-through fuel and currency movements is expected to grow by around 17% in the first half. Order intake in the first half continues to be strong and is likely to be over 700 MW, which includes the recently announced 107 MW project to supply power to Mozambique and South Africa, and a new contract to provide 75 MW to the Japanese utility company Hokkaido Electric Power Company (HEPCO). Trading margin in International Power Projects, excluding pass-through fuel, is expected to be higher than that achieved in the first half of last year, notwithstanding a similar increase in our bad debt provision.

In the Local business we expect underlying revenue to grow by about 13% in the first half. Within this, our Europe and Middle East business is expected to grow by around 9%, North America by around 11% and Aggreko International's Local business by about 25%. We opened new locations in the first half in Cape Town and Nairobi as well as completing the acquisition of Poit Energia in Brazil. We expect Local business trading margin in the first half to be a little better than last year on an underlying basis.

Outlook

While we think it likely that the weakening macro-economic environment will reduce our underlying rate of growth in the Local business in the second half, any weakness will be offset by the impact of the London Olympics and the Poit acquisition. On a reported basis, we expect to deliver strong growth in the second half.

In International Power Projects the level of order intake in the first half means we expect to deliver faster revenue growth in the second half than in the first. In light of this, and a healthy pipeline of enquiries, we have decided to raise fleet investment in 2012 by a further £50 million to around £415 million; the additional fleet will not become operational until late in the fourth quarter.

We expect margins in International Power Projects to be lower in the second half than the same period in 2011, in large part due to higher mobilisation costs. Overall, we anticipate that Group margins for the year will be at similar levels to 2011.

We continue to believe that we will deliver another year of good growth in 2012.

- ENDS -

Enquiries to:

Rupert Soames / Angus Cockburn

Aggreko plc

Tel: 0141 225 5900

Neil Bennett / Tom Eckersley

Maitland 

Tel: 020 7379 5151

(1) Underlying revenue and trading profit excludes major events (Asian Games in 2011 and London Olympics in 2012), the recently completed Poit Energia acquisition, pass-through fuel and currency movements.