AGM Statement

Vp plc

('Vp', the 'Group' or the 'Company')

AGM Statement

Vp plc, the equipment rental specialist, will hold its Annual General Meeting ('AGM') at 10.00 am today.  At the AGM, Jeremy Pilkington, Chairman of Vp, will make the following statement:

"I am pleased to inform Shareholders that trading within the business has been positive into the new financial year with good demand, in particular, from the infrastructure and housebuilding markets.  Activity levels in both our UK and International divisions are encouraging and whilst the headwinds of cost inflation and supply chain disruption remain we continue to make good progress.

We announced on 28 April 2022 that the Company had commenced a Formal Sale Process ('FSP').  Further communication with Shareholders will be made if and when appropriate to do so and, in the meantime, it is 'business as usual' as we stay fully focused on delivering on our plans for the current financial year."

- Ends -

For further information:

Notes to Editors

Vp plc is a specialist rental business providing products and services to a diverse range of markets including infrastructure, construction, housebuilding and energy markets, both in the UK and overseas.

The Group comprises a UK and an International division:

UK

Groundforce

A market leading rental and design provider of excavation support systems and specialist products to the water, civil engineering and construction industries with operations in the UK, the Republic of Ireland and mainland Europe.

Brandon Hire Station

The leading provider of tools and specialist rental products to industry, construction and home owners across the UK.

ESS

The leading specialist provider of safety, survey, communications and test & measurement equipment rental in the UK.

MEP Hire

The UK's largest provider of mechanical and electrical press fittings and low level access platforms to the construction, fit out, mechanical and electrical markets.

Torrent Trackside

Specialist suppliers of rail infrastructure portable plant and related trackside services to Network Rail, London Underground and their appointed track renewal, maintenance and project contractors.

TPA

One of Europe's largest suppliers of temporary access solutions.  Operating from bases in the UK and Germany, TPA provides portable roadways and temporary access solutions to customers in the transmission, construction, rail and outdoor events markets.

UK Forks

One of the UK's leading specialist hirers of telescopic handlers and tracked access platforms. The products and services are utilised by its customers to improve safety and productivity on construction and housebuilding sites across the UK.

International

Airpac Rentals

An international business supporting a wide range of oil and gas markets, servicing well test, pipeline testing, rig maintenance and LNG markets worldwide.

TR Group

Australasia's leading technical equipment rental group providing test and measurement, communications, calibration and audio visual solutions in Australia, New Zealand and South East Asia.

Further information is available at www.vpplc.com/investors