RNS Number:0560M
Andrews Sykes Group PLC
09 May 2005


Andrews Sykes Group plc

Sale of Accommodation Hire Limited

9 May 2005

Andrews Sykes Group plc (the "Company") announces that on 6 May 2005 it sold
Accommodation Hire Limited (the "Business") to Wernick Hire Limited.

Accommodation Hire Limited specialises in the hire and sale of temporary
accommodation units and toilet facilities to a wide range of customers including
those in the event hire and the construction market sector. Whilst it is a very
successful company in its own right, achieving a profit after tax of #0.6
million in 2004, it was not regarded as a core activity to the Andrews Sykes
Group. Therefore the Board consider that the disposal is in the best interests
of the Company.

The total cash consideration on the sale of the Business is approximately #10
million comprising #8.9 million for the sale of the shares, of which #0.4
million is deferred pending the finalisation of the completion accounts, and
#1.1 million for loan repayments. The profit on disposal will be approximately
#7 million.

The Board is currently considering various alternative uses for the available
funds. Until such time as a decision is taken the cash will be placed on a short
term interest bearing deposit account.

Ends

For further information contact:

RJ Stevens, Chief Executive, 01932 750393




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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