SGH LIMITED — M&A Activity 2011

Dec 5, 2011

==> picture [177 x 45] intentionally omitted <==

National Hire Group Limited (ABN 61 076 688 938) 12 Hoskins Road Landsdale WA 6065 Phone: (08) 9302 0000 Fax: (08) 9302 0001 Website: www.nationalhire.com.au

ASX Announcement

6 December 2011

NATIONAL HIRE GROUP LIMITED ("NHR") SEVEN ACHIEVES COMPULSORY ACQUISITION UNDER ITS TAKEOVER OFFER OFFER PRICE INCREASED TO $3.75

Seven (National) Pty Ltd ( Seven ) announced last night that Elph Pty Ltd ( Elph ) has accepted its 21.9% holding in National Hire shares into Seven’s takeover offer. Attached is a letter from Elph in relation to its acceptance.

Following Elph’s acceptance, Seven and its associates have advised that they have reached a relevant interest in 98.7% of National Hire shares. Consequently, in accordance with its previous statements, Seven has increased its offer price from $3.35 to $3.75 per share and will compulsorily acquire all National Hire shares it does not already own. Shareholders who have already accepted Seven’s offer will receive the additional $0.40 per share from Seven. The offer period will now close on 19 December 2011.

Mr Stephen Donnelley, speaking on behalf of the Independent Board Committee, said “I am pleased that we were able to achieve a price for shareholders in excess of Seven’s original offer price. Seven’s final offer price of $3.75 is within the Independent Expert’s value range and I believe it represents an attractive price for National Hire shares. Given Seven can now compulsorily acquire National Hire shares, remaining National Hire shareholders should accept into Seven’s offer to receive earlier payment for their shares.”

For further information contact:

David Lindsay Lindsay CMA +61 2 9211 4450

Ross Grant Grant Samuel Corporate Finance +61 2 9324 4211

About National Hire

National Hire Group Limited owns equipment sales and support businesses which operates under the name Allight, Sykes and Primax and a 46.1% interest in Coates Group Holdings Pty Ltd which owns the Coates Hire business.

Allight manufactures, assembles, sells and supports mobile lighting and power generation equipment and distributes Perkins engines, FG Wilson power generation sets and Rotair compressors. Sykes and Primax manufacture, sell and support dewatering solutions globally.

Coates Hire is the largest rental business in Australia and is one of the largest rental businesses globally. Coates Hire has been hiring equipment to the mining construction and event management sectors for more than a century, and today has a network of over 200 branches across Australia.