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

24 February 2026

ASHTEAD GROUP PLC
(the "Company")

COURT APPROVAL OF THE SCHEME OF ARRANGEMENT

Further to the announcement on   11 February 2025   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 announcement on 10 June 2025 in relation to the results of the Court Meeting and the General Meeting, the Company is pleased to announce that the Court has today made the Court Order sanctioning the Scheme.

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 Scheme (the “ Scheme Circular ”).

Next steps and timetable

The Scheme remains conditional on the Court Order being delivered to the Registrar of Companies which is expected to occur at 10.00 p.m. (UK time) on 27 February 2026.

The expected timetable of principal events for the implementation of the Scheme, the de-listing of the Company’s shares and the listing of Sunbelt Rentals’ shares remains as set out on page 6 of the Scheme Circular and as follows:

Event                                   Time and date

Publication of U.K. Prospectus          February 25, 2026

Effectiveness of Form 10                February 26, 2026

Last day of dealings in, and for
registration of transfers of, and       February 27, 2026
disablement in CREST of, Ashtead Shares

Scheme Record Time                      6.30 p.m.UK time on February 27, 2026

Scheme Effective Time                   10.00 p.m.UK time on
                                        February 27, 2026

Cancellation of the entire existing
share capital of Ashtead, new shares in After 10.00 p.m.UK time on February 27,
Ashtead issued to Sunbelt Rentals and   2026
issuance of Sunbelt Rentals Shares to
Ashtead Shareholders

De-listing of Ashtead Shares            8.00 a.m.UK time on March 2, 2026

Listing Effective Date                  March 2, 2026

London Listing Effective Time           8.00 a.m.UK time on March 2, 2026

New York Listing Effective Time         9.30 a.m.New York time on
                                        March 2, 2026

Sunbelt Rentals Shares registered       As soon as possible after the New York
through DRS (in respect of Scheme       Listing Effective Time
Shares held in certificated form only)

Creation of Sunbelt Rentals DIs by
Computershare Investor Services PLC and As soon as possible after the New York
issuance of such Sunbelt Rentals DIs to Listing Effective Time
CREST participant accounts

Dispatch of statements of entitlement   No later than 14 days after the New York
and DRS Advice to Sunbelt Rentals       Listing Effective Time
Shares registered through DRS

Dispatch of cheques and/or crediting of
CREST accounts of Scheme Shareholders   No later than 14 days after the
with any cash due in relation to the    New York Listing Effective Time
sale of Overseas Shareholders
entitlements (if applicable)

If any of the key dates set out in the timetable change, the Company will give notice of this change by issuing an announcement through a Regulatory Information Service and by making such announcement available on the Company's website at   https://www.ashtead-group.com/ .

A further announcement will be made once the Scheme becomes effective.

Enquiries:

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