Holding(s) in Company

TR-1: Notification of Major Interest 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

Yes

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

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

An event changing the breakdown of voting rights

Other (please specify):

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

Toscafund Asset Management LLP

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

Tosca Mid Cap

Tosca Opportunity

Pegasus

Montlake Pegasus

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

is crossed or reached):

27 November 2015

6. Date on which issuer notified:

1 December 2015

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

15%

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

74,834,923

74,834,923

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Percentage ofvoting rights

Direct

Indirect

Direct

Indirect

80,398,749

0

80,398,749

0

15.4%

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

80,398,749

15.4%

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

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will acquire:

N/A

12. Date on which proxy holder will acquire voting rights:

N/A

13. Additional information:

14. Contact name:

James Blair

15. Contact telephone number:

01942 327206