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Aggreko PLC Trading Statement

15 Nov 2005

Aggreko plc, the world leader in the provision of temporary power, temperature control and oil-free air solutions, is issuing the following trading update for the year ending 31st December 2005.

At the time of our interim results in September 2005, we stated that the profit before tax for the year was expected to be at least £50m as a consequence of better than expected trading across a number of our businesses. Since then, trading has been stronger than we anticipated, and the Company now believes that profit before tax for the year ending 31st December 2005 will be around £55m.

In North America, trading during recent weeks has been exceptionally strong. The base business has continued the trend of robust underlying growth seen in the first half, and the most intense - and one of the most destructive - hurricane seasons on record means that our storm-related revenues will exceed materially the historic range of $6m-$13m a year. In addition, high temperatures in the Southern United States persisted into October and drove strong demand for our temperature control products. This combination of a large number of hurricanes and high temperatures persisting late into the summer season is, in our view, unlikely to recur in future years.

Trading has also been strong in Aggreko International, and results in this unit will also be ahead of our expectations. This has been caused by continuing high levels of demand, particularly in South America, the Middle East and Africa. The high oil-price continues to fuel demand for our services in oil-producing countries around the world.

We are beginning to see some progress in Europe, and trading in the second half will be well ahead of the prior year on an underlying basis. Furthermore, following the successful implementation of our new operating model in Continental Europe, we have found opportunities to achieve additional cost savings and we are in the process of reducing the number of positions in the business by about 50. Most of these positions are in management and administrative functions. The majority of the costs related to this restructuring will be set against the £15m provision created in 2004, with the balance of around £1.5m being charged to operating profit in 2005. Notwithstanding this additional charge, we still expect reported profits in Europe to be modestly ahead of the prior year in the second half.

The Company will announce its Preliminary Results and give an update on its strategy on 9th March 2006.

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