Interim Results for the six months ended 30 September 2008 Jeremy Pilkington - Chairman

1. Interim Results for the six months ended 30 September 2008 Jeremy Pilkington - Chairman Neil Stothard – Group Managing Director Mike Holt – Group Finance Director Vp plc - The Equipment Rental Specialist

2. Summary

3. Operational Review

4. Operational highlights • Operating profits 18% up at a margin of 19.5% • Healthy net capex of £13.2m • 4 acquisitions - £5.0m • Good AMP4 and infrastructure demand • Oil and gas exploration • Weak housebuilding • Strong start but changing trends

5. Strength through diversity

6. Business performance

7. Capital expenditure

8. Further progress against challenging market backdrop • Selective acquisitions • Redding Hire, Arcotherm (UK) Ltd, DJ Tool Hire and UCS Plant • Acquisition post half year end : Power Tool Supplies • Quality maintained • Good earnings growth • Margins improved further • Maintained return on capital at 19%

9. Our response to challenging times • Market diversity provides resilience • regulated markets • oil and gas • Managing for tougher conditions • careful cost control • reducing capital investment • reduced acquisition plans • Opportunity still exists • organic product extensions • current year specialist acquisitions • bolt on acquisitions and new branches • overseas markets

10. Financial Review

11. Financial highlights

12. Continued growth, albeit slowing Operating Profit (£m) Revenue (£m) Actual H1ActualBrewin Dolphin Forecast

13. Components of pre-tax profit growth (+15%)

14. Earnings and dividend per share

15. Robust balance sheet

16. Strong cash flow and investment

17. Modest gearing, comfortably within covenants

18. Summary

19. Resilient business model • Strong market positions • Diverse offering provides resilience to individual market fluctuations • Adding value through products, services and operating efficiency • Organic product extension and acquisitions provide seeds for further growth • Balance sheet strong • Financing and covenants robust • Strategically focussed on specialist rental sectors

20. Shareholder return

21. Interim Results for the six months ended 30 September 2008 Vp plc - The Equipment Rental Specialist

22. Vp plc - The Equipment Rental Specialist Supplementary data

23. Investment case • Specialist rental business • Diversified market exposure • Market leading positions • Strong value added service element • Double digit earnings growth potential • Building sustainable capabilities • Consistent performer with quality returns

24. UK Forks • Rough terrain material handling equipment for industry, residential and general construction

25. Groundforce • Excavation support systems, specialist solutions and trenchless technology for the water, civil engineering and construction industries, incorporating: • - Groundforce Shorco : shoring • - Piletec : pile driving and breaking • - Stopper Specialists : pipe integrity testing • - Survey Technology : surveying and water flow measurement • - U Mole : trenchless technology

26. Airpac Bukom Oilfield Services • Equipment and service providers • to the international oil and gas • exploration and development • markets

27. Hire Station • Small tools and equipment for industry and construction incorporating: • - Hire Station : tool hire products • - ESS Safeforece : safety and environmental products • - Lifting Point : materials handling and lifting gear products • - MEP : pipe fitting equipment • - Climate Hire and Sales : warm, cool, clean and dry air products

28. Torrent Trackside • Infrastructure equipment and services for the railway renewals and maintenance industry

29. TPA • Portable roadway systems, bridging, fencing and barriers primarily to the UK market, but also in the Republic of Ireland and mainland Europe

30. Quality returns Operating Margin (%) Return on Average Capital Employed (%) Earnings per share (pence) Dividend per share (pence) ActualBrewin Dolphin Forecast

31. Business units – key markets

32. Operating cash flow

33. Effective rate of tax