First Day of Dealings on AIM

Hargreaves Services PLC 30 November 2005 NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR THE REPUBLIC OF IRELAND For Release 7.00am 30 November 2005 Hargreaves Services plc ('Hargreaves' or the 'Group'), FIRST DAY OF DEALINGS ON AIM Hargreaves Services plc (AIM: HSP), a leading provider of transport and support services to the energy and waste sectors, is pleased to announce its flotation on AIM today. Founded in 1994 as a coal haulage business with approximately 20 vehicles, the Group's activities have now been transformed to cover mineral trading, coke production, waste handling and transportation, handling and processing of minerals through its two port facilities as well as specialist bulk road haulage. The Group employs approximately 600 staff with a fleet of 370 vehicles. At the Issue Price of 243 pence per share, £21.5million before expenses has been raised on behalf of the Company via an oversubscribed Placing. The proceeds of the Placing will be used to reduce gearing allowing the Group to fund the growth of the business organically and by acquisition. A further £1.2 million of existing ordinary shares have also been placed at the Issue Price on behalf of existing venture capital shareholders. On admission to AIM, the market capitalisation of Hargreaves at the Issue Price is expected to be approximately £57.5 million. Brewin Dolphin Securities is acting as Nominated Adviser and Broker to the Group. Placing Statistics Issue Price 243p Number of Placing Shares placed on behalf of the Company 8,847,737 Number of Ordinary shares in issue upon Admission 23,675,437 Percentage of Enlarged Share Capital placed 40% Market Capitalisation at the Issue Price £57.5m For further information, please contact: Hargreaves Services plc Gordon Banham 0191 373 4485 Buchanan Communications Tim Anderson/Diane Stewart/James Strong 020 7466 5000 Brewin Dolphin Securities Andrew Kitchingman/Andrew Emmott 0113 241 0130 Brewin Dolphin Securities Limited, a member of the London Stock Exchange, authorised and regulated by the Financial Services Authority, is acting for the Company only and will not be responsible to any other persons for providing the protections afforded to clients of Brewin Dolphin Securities Limited or for advising such person on the matters referred to in this announcement. Brewin Dolphin Securities Limited has not approved the contents of, or any part of, this announcement. This information is provided by RNS The company news service from the London Stock Exchange