REG-Sunbelt Rentals Holdings Inc.: EFFECTIVENESS OF THE SCHEME OF ARRANGEMENT

Sunbelt Rentals HoldingsAnnouncement

02/03/2026 07:02

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM ANY RESTRICTED
JURISDICTION OR WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OF ANY SUCH JURISDICTION

FOR IMMEDIATE RELEASE

2 March 2026

ASHTEAD GROUP PLC                    
                     (the "Company")

EFFECTIVENESS OF THE SCHEME OF ARRANGEMENT

THE CANCELLATION OF THE ADMISSION OF THE COMPANY'S SHARES TO THE OFFICIAL LIST
AND TO TRADING ON THE LONDON STOCK EXCHANGE'S MAIN MARKET FOR LISTED
SECURITIES

and

THE ADMISSION OF SUNBELT RENTALS' SHARES TO THE OFFICIAL LIST AND TO TRADING
ON THE LONDON STOCK EXCHANGE'S MAIN MARKET FOR LISTED SECURITIES

Further to the announcement on                     24 February 2026         
           relating to the proposals to establish, by means of a scheme of
arrangement under Part 26 of the Companies Act 2006, a new                   
 Delaware                     corporation, Sunbelt Rentals Holdings, Inc. (" 
                   Sunbelt Rentals                    ") as the holding
company of the Ashtead group in connection with its proposed new US primary
listing (the "                     Scheme                    "), and the
Court's sanction of the Scheme, the Company is pleased to announce that as of
10.00 p.m. (UK time) on 27 February 2026, the Scheme has become effective.

Dealings in the Ashtead Shares were suspended with effect from the end of
trading on 27 February 2026. An application has been made to the London Stock
Exchange for the cancellation of the trading of the Ashtead Shares on its main
market for listed securities and to the FCA for the cancellation of the
listing of the Ashtead Shares in the Equity Shares (Commercial Companies)
Category of the Official List, which in each case are expected to become
effective at 8.00 a.m. (UK time) today.

An application has been made to the London Stock Exchange for the admission to
trading of the Sunbelt Rentals Shares (which were issued to Ashtead
Shareholders pursuant to the Scheme) on its main market for listed securities
and to the FCA for the admission to listing of the Sunbelt Rentals Shares in
the Equity Shares (International Commercial Companies Secondary Listing)
Category of the Official List, which in each case are expected to become
effective, and dealings in the Sunbelt Rentals Shares are currently
anticipated to commence, at 8.00 a.m. (UK time) today.

The Sunbelt Rentals Shares are expected to commence trading on the New York
Stock Exchange at 9.30 a.m. (NY time) today.

Capitalised terms used in this announcement, unless otherwise defined, shall
have the meanings given to them in the scheme circular published on 13 May
2025 in relation to the Proposal (the "                     Scheme Circular   
                ").

Enquiries:

 Will Shaw, Director of Investor Relations                  +44 (0)20 7726 9700  
 Kevin Powers,  SVP, Investor Relations and Communications  +001 (803) 833 9353  

 



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