13 April 2017

HSS Hire Group plc

Directorate Change

HSS Hire Group plc ("HSS" or the "Company") announces that John Gill, CEO, is to step down after eight years at HSS.  It is intended that he will leave the Company once a successor is in post, following a handover period.

The search for a new CEO is under way and the Board will update shareholders on its progress in due course.

Alan Peterson, Chairman of HSS, said: "John has made an important contribution to the development of the business since joining HSS in 2009.  As CEO from September 2015 he has led the Company through a period of significant change as we implemented our new operating model.  With this work now largely complete, the focus shifts to driving sales growth through the new network and the Board believes it is the right time to look outside the business for a new CEO who can lead this next phase of our recovery.

"On behalf of the whole Company I would like to thank John for his unfailing commitment and leadership, particularly for the hard work done over the last 18 months to re-position the core rental business for growth.  We are pleased that he has agreed to remain with the Company to ensure a smooth handover."       

Current trading and market conditions remain unchanged from the updates given in the Group's full year results for 2016, which were announced on 5 April 2017.  

A further announcement under LR 9.6.12 will be made once Mr Gill's leaving date has been confirmed.

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