RNS Number:3667Q
Brandon Hire PLC
1 October 2003




                        Brandon Hire PLC ("Brandon Hire")
                                        
                                    Placing
                                        

Brandon Hire announces a placing of 2,691,850 ordinary shares in Brandon Hire at
a price of 80p per share to raise approximately #2.05 million, after expenses,
for Brandon Hire (the "Placing"). The funds raised through the Placing will
allow Brandon Hire to take advantage of a number of identified acquisition and
development opportunities to further increase the geographical coverage of
Brandon Hire and to strengthen its branch network in the areas where it
currently operates.


Brandon Hire has today entered into a placing agreement with Collins Stewart
Limited, under which Collins Stewart Limited has agreed to use its reasonable
endeavours to procure subscribers for the new ordinary shares to be issued under
the Placing. The Placing is subject only to the new ordinary shares being
admitted to the Official List of the UK Listing Authority and to trading on
London Stock Exchange plc's market for listed securities. The new ordinary
shares will rank pari passu in all respects with existing issued ordinary shares
in Brandon Hire. Admission of the new ordinary shares is expected to become
effective at 8.00 am on 6 October 2003.


Charles Skinner, Chief Executive of Brandon Hire, commented:


"This equity raising, our first for over five years, will allow us to take
advantage of the many opportunities available to us to increase our geographic
coverage. It should also enable our core business to maintain its growth rate
which has been averaging 25% a year over the last ten years. The strength of our
business, both in terms of current trading and the quality of our people and
systems, should ensure that we can comfortably manage this continued growth. "




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

END
IOEURVVROARKOAR