Proposed admission to AIM

Andrews Sykes Group PLC 10 October 2001 FOR IMMEDIATE RELEASE 10 October 2001 ANDREWS SYKES GROUP PLC Proposed admission to AIM Andrews Sykes Group plc (the 'Company'), a UK leading provider of specialist hire solutions, pumps, cooling, heating and ventilation equipment, announces its decision to apply for the admission to trading of all the Company's Ordinary Shares on AIM and intends to cancel its listing on the Official List of the UK Listing Authority. The cancellation will not take place before 7 November 2001. This application will be made because the Directors believe it to be in the best interests of the Company to continue with its share buy-back programme. This will result in the free float in the Company's shares falling below the minimum level required by the UK Listing Authority, therefore making it ineligible for listing on the Official List. The transfer to AIM will also result in the simplification of administration and reporting requirements, with a consequential reduction in the costs associated with being a public listed company. Shareholders should be aware that companies listed on AIM are deemed to be unlisted for the purposes of certain areas of taxation law which may be of benefit to them. However, shareholders should consult their independent advisers on this point. The Company will still be a plc and subject to the regulatory and disciplinary controls of the London Stock Exchange. The move to a listing on AIM is not subject to shareholder approval. It is anticipated that admission to AIM will be effected in November 2001. For further information: Robert Stevens - Andrews Sykes Group plc Tel: 07714 064 025 John Wade / James Gordon - Weber Shandwick Worldwide Tel: 020 7329 0096