31 August, 2006

Completion of Nationsrent Acquisition

Ashtead Group plc (“Ashtead”), the equipment rental group serving principally the US and UK non-residential construction markets, today announces the completion of the acquisition of NationsRent Companies, Inc. (“NationsRent”), details of which were announced on 19 July 2006.

The acquisition of NationsRent by Ashtead’s US subsidiary, Sunbelt Rentals, forms the third largest provider in the large and growing US rental market, principally serving the non-residential construction market.

George Burnett, Ashtead’s Chief Executive, said:

“We are delighted to have acquired NationsRent, a move that effectively accomplishes our five year US growth strategy in a single step and with minimum overlap. NationsRent is a high quality business that will benefit further from the application of Sunbelt’s successful front line sales management techniques as we integrate the two businesses.”