Sale of Powered Access Hire Fleet

Vibroplant PLC 26 April 2000 Vibroplant Plc ('Vibroplant' or the 'Company') Sale of the powered access hire fleet The Directors of Vibroplant announce the sale of the Company's powered access hire fleet to Lavendon Group plc ('Lavendon') for a consideration of £3.76 million in cash. The powered access hire fleet comprises self-propelled diesel and electric scissor lifts, articulated and straight mast booms. The sale also includes ancillary and spares stock and the assumption of operating lease liabilities in respect of certain of the hire fleet assets. The assets sold had a net book value of £4.18 million as at 31st March 2000. During the year ended on that date, rental turnover of £1.3 million was generated on these assets. As indicated in the Interim Report for the six months ended 30th September 1999, the primary focus of the Company's growth strategy is concentrated on the specialist rental activities. The sale of the powered access hire fleet is consistent with that strategy and the proceeds from the sale will provide further financial support for the development of these activities. Enquiries : Jeremy Pilkington, Chairman and Chief Executive Neil Stothard, Group Finance Director Vibroplant Plc Telephone : 01423 533400 Steve Jacobs Financial Dynamics Telephone : 020 7831 3113