Ashtead Group plc will seek shareholder approval for a share repurchase program at its Annual General Meeting to be held on September 4, 2013. Under the program, Ashtead Group will repurchase up to 75,451,260 shares, representing 13.63% of its issued capital as of July 5, 2013. The minimum price which may be paid per ordinary share will be £0.10.

The maximum price which may be paid for any ordinary share will be an amount equal to the higher of 5% above the average of the middle market quotations for such shares taken from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the purchase is made and the higher of the price of the last independent trade of an ordinary share and the highest current independent bid for an ordinary share as derived from the trading venue where the purchase is carried out. The share repurchase program will expire at the conclusion of the next Annual General Meeting or after 18 months from the date of passing of the resolution, whichever is earlier, unless previously renewed, varied or revoked by the company in a general meeting. As of July 5, 2013, the company has 553,325,554 shares in issue.