17 December 2021

HSS Hire Group plc

("HSS Hire" or the "Company")

Issue of new shares to HPS Investment Partners

HSS today announces that it has issued 8,510,300 new ordinary shares in the Company (the "Shares") to HPS Investment Partners¹ pursuant to the exercise of share warrants, at a price of £0.01 per share. The share warrants were granted to HPS Investment Partners on 20 June 2018 in connection with its provision of a £220m term loan facility to the Company and became exercisable on prepayment thereof, following the Company's refinancing as announced on 10 November 2021.
 

The Shares were allotted pursuant to the Company's existing general authority to allot on a non-pre-emptive basis. Admission of the Shares to trading on AIM is expected to take place on or around 22 December 2021. 
 

As at 17 December 2021 the Company's issued share capital consists of 704,987,954 ordinary shares of one pence each. The Company does not hold any shares in treasury. The total number of voting rights in the Company as at 17 December 2021 is therefore 704,987,954. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
 

¹ Certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by HPS Investment Partners, LLC or a subsidiary/affiliate thereof.

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