ASHTEAD GROUP PLC, a leading international equipment rental company, has announced a private offering of senior notes by its subsidiary, Ashtead Capital, Inc. The offering is subject to market conditions and will be guaranteed by Ashtead and certain subsidiaries. The net proceeds will be used for general corporate purposes and to repay a portion of outstanding borrowings. The offering is limited to qualified institutional buyers in the US and non-US investors. ASHTEAD GROUP PLC is publicly traded on the London Stock Exchange and operates as "Sunbelt Rentals."

The offering is not intended for retail investors in the European Economic Area or the UK. It is directed only at relevant persons with professional experience in investment matters or high net worth entities. This announcement contains inside information and does not constitute an offer to sell or a solicitation of an offer to purchase the securities described herein or any other securities.

The exact terms and timing of the offering, including the final aggregate principal amount of the Notes offered, will depend on market conditions and other factors. The person responsible for the release of this announcement on behalf of Ashtead is Eric Watkins.