1. Vp plc The Equipment Rental Specialist Interim Results For the six months ended 30 September 2005

2. Agenda • Highlights : • Jeremy Pilkington – Chairman • Financial Review : • Mike Holt – Group Finance Director • Business Review : • Neil Stothard – Group Managing Director

3. An Excellent Start • Underlying PBT +19% to £5.9m – entirely organic, no contribution from acquisitions • Group PBT +11% to £5.5m • EPS +10% to 8.96p • ROCE increased to 17% • Interim dividend lifted 11% to 1.95p

4. An Excellent Start • Hire Station in profit - £0.9m v p.y. £0.3m loss • 3 significant acquisitions completed : Pivotal Services Group – July : £4.5m : TPA – November : £11.5m + 3 year earn-out : Dudley Vale – November : £3.5m • New banking facilities

5. Financial Review Mike Holt Group Finance Director

6. Financial Highlights *Pre Pivotal one-off costs

7. Earnings per share and Dividends

8. Revenue(£m)

9. Profit Before Interest and Tax (£m) Restated for IFRS

10. Return on Capital Employed (%) % H1 Restated for IFRS

11. Dividend / Earnings (pence per share) H1 H1 Basic EPS

12. Balance Sheet

13. Operating Cash Flow

14. Cash Flow

15. Acquisitions Pivotal Services : - initial cost £4.5m - adjusted cost £3.9m Trax Portable Access : - initial cost £11.5m - deferred £7.9m Dudley Vale : -cost £3.5m

16. Net Debt

17. Loan Facilities • Existing loan facilities replaced by a new loan facility: - Five year facility (previously 3 years) - £45m facility (previously £8m) - Club deal (previously single bank) • New facility provides further leverage to fund future acquisitions

18. Business Review Neil Stothard Group Managing Director

19. Segmental Analysis *Pre-Pivotal one-off costs

20. Groundforce • Groundforce Shorco • Piletec Dudley Vale • Stopper Specialists • Survey Technology Excavation support systems and specialist products for the water, civil engineering and construction industries

21. Groundforce

22. Groundforce • Market Leader in ground support systems • Core shoring demand remained good • AMP4 delay affecting specialist divisions • Acquisition of Dudley Vale - November 2005 • Continuing fleet rationalisation programme • New products introduced e.g. Formwork • Division remains well placed to embrace AMP4 driven demand

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

24. UK Forks *Including new operating lease commitments

25. UK Forks • Unique service offering – attracting customers • Progress in housebuilding and general construction • Regional and national successes • Revenue growth has leveraged structure • Fleet growth to over 1,200 machines • ROCE continues to improve • Markets stable but remain very competitive

26. Airpac Oilfield Services • Aberdeen • Great Yarmouth • Singapore Equipment and service providers to the international oil and gas exploration and development markets

27. Airpac Oilfield Services

28. Airpac Oilfield Services • Solid performance • Strong demand from North Sea – well testing and rig maintenance • International project activity quieter but improving • Product expansion • Geographic growth opportunities remain • Market prospects remain positive

29. Hire Station • Hire Station • ESS Safeforce • Lifting Point Tools and specialist products for industry and construction

30. Hire Station *Pre Pivotal one-off costs £0.4m

31. Hire Station • Substantial profit turnaround after prior year losses • Management actions bear fruit • Key account wins aid revenue growth • Efficient cost structure in place • Investment in core products • One Call central hire desk complete

32. Hire Station • Specialist Products further recovery • Pivotal acquisition key development • ESS Safeforce created – market leader • Confined Space Entry training • Potential remains for further improvement overall

33. Torrent Trackside Portable rail infrastructure equipment, lighting and related services for the railway renewals and maintenance industry

34. Torrent Trackside

35. Torrent Trackside • Remains a quality business • Network Rail maintenance plant contract impact • Maintenance activities continue as secondary provider • Renewals remains stable • Further progress with LUL • Product expansions/further opportunities • Market remains flat

36. ACQUISITIONS

37. TPA Portable roadway systems, bridging, fencing and barriers

38. TPA • Acquired 4 November 2005 • Portable aluminium roadways • Fencing and barriers • Events, construction, rail and power transmissions markets • Experienced management team • Market opportunities remain strong • Business positioned for further growth • Separate trading division of Vp

39. Pivotal Services Group • Acquired July 2005 from Babcock • Safety equipment rental sales and maintenance • Confined Space Entry Training • Integration with Safeforce, trading as ESS Safeforce • Health & Safety and Management Development training • Now trading as Pivotal Performance

40. Dudley Vale • Acquired 25 November 2005 from GE • Rental and sale of piling hammers and pile breakers • Merged with Piletec division of Groundforce • Trading as Piletec Dudley Vale

41. Summary • Period of further profit improvement – all organic • Business markets varied, but generally positive • Delivering on growth strategy with acquisitions • Further opportunities for growth will be pursued • New banking facilities in place • Finances remain in excellent shape • Platform set for coming year • Continuing to deliver value to shareholders

42. Total Shareholder Return