RNS Number:7671H
Helphire Group PLC
15 November 2007


                          Interim Management Statement

                              07/07/07 to 14/11/07

                                    DTR 4:3


The following statement will be read at the Company's AGM tomorrow, 15th
November 2007 at about 1100 hours.


Trading


Business levels remain in line with budget and during the first four months of
the current financial year more than 1,394m credit car hire days were generated
(2006: 0.913m) - growth of 53%. The number of credit hire cases processed during
the period was approximately 56,800 - an uplift of 39% whilst the number of
repair and PI cases were approximately 24,100 and 11,200 demonstrating growth of
49% and 21% respectively.


Since 1 July 2007, 6 new key accounts have commenced referring cases to the
Group's business units.


A further 2 branches have been opened increasing the number of depots in the
network to 29. The fleet continues to grow in line with business activity and as
at 12 November 2007 stood at 19,200 vehicles (2006 12,300) - growth of 56%.


The new fleet database system is now operational and will bring benefits in
asset management. The second phase of the system incorporates electronic
signature technology to process hire agreements electronically and GPS
technology to coordinate delivery and collections so as to maximise logistic
efficiencies.


The business relationship with CS2 Lawyers Limited - which commenced in August
2007 has performed in line with expectations and will play an important role in
enhancing the Group's personal injury related income streams.


Market developments


The Group's offering to the insurance market continues to expand with
significant growth in the number of standard hires from 1900 in 2006 to 4600 in
2007: a growth of 142%. These hires fulfil the obligations of insurers in the
event of a fault accident or theft, where a replacement vehicle is provided.
Whilst such business is transacted at lower margins this development
demonstrates enhanced cooperation between Helphire and the insurance industry.


Financial position


As at 12 November 2007, the Group's net indebtedness stood at approximately
?300m of which ?204m relates to finance leases and loans relating to vehicles.
Consequently the level of indebtedness excluding vehicles amounted to ?96m.


Between 16th and 25th October 2007 Sanne Trust Company Limited (trustee of the
Group's Employee Share Ownership Trust), funded by the Group purchased 1,470,633
of the Group's shares at an average price of 373p to satisfy its obligation with
respect to long term incentive schemes which will vest between 3rd November 2010
and 3rd November 2017.


Interim results


The Group's interim results will be announced in February 2008.




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END