Capital Management and Investment plc (?CMI?)

23 December 2009

Financial Restructuring of Algeco Scotsman


Algeco/Scotsman  Holding  Sarl  (?the  Company?),  the  Luxembourg  based parent
company  of Algeco ? Europe?s leading modular construction business and Williams
Scotsman,  the  largest  mobile  storage  company  in the USA - has successfully
completed a financial restructuring that has resulted in a significant reduction
in  debt  held  by  third  parties  in  the  Company  and  an  agreement  by the
shareholders  to invest up to an additional EUR125 million into the capital of the
Company.

Following  the restructuring CMI?s  existing equity shareholding  in the Company
has been reduced from approximately 28% to around 1%.

CMI  has entered into an option agreement  with the principal shareholder of the
Company, TDR Capital, to invest up to EUR10 million of new equity into the Company
on  broadly the same  terms as the  TDR investment on  or before 30 April 2010,
which  would allow  CMI to  significantly increase  its equity shareholding. The
Board  wishes to  exercise this  option and  is currently  investigating ways of
funding  this exercise price. Further details  of this option agreement, and the
Board?s  proposals and recommendations, will be set  out in a circular which CMI
expects to send to its shareholders in January 2010.

The carrying value of CMI?s holding in the Company, as reported in the interim
results to 31 July 2009, was £17.5 million.

For further information contact:

Capital Management & Investment plc

Tim Woodcock, Finance Director                         020 7725 0800


Brewin Dolphin Limited - Nominated Adviser

Neil Baldwin                                                        0113
241 0130


ENDS



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