TIDMCMIP 
 
Capital Management & Investment plc 
                            ("CMI" or the "Company") 
 
       Algeco Scotsman Holdings - Acquisition and Financial Restructuring 
 
12 October 2012 
 
The  Company  announces  that  Algeco  Scotsman  Holdings  ("ASH"),  one  of the 
Company's  two  investments,  has  completed  the  acquisition  of Ausco Modular 
Holdings  Ltd. ("Ausco"), a  leading provider of  modular buildings in Australia 
and  New  Zealand  from  investment  funds  managed  by  TDR  Capital  LLP  (the 
"Acquisition"). The Acquisition was satisfied by the issue of new shares in ASH. 
ASH has also completed the refinancing of its existing debt facilities. 
 
Ausco,  headquartered in  Brisbane, Australia,  is a  major supplier  of modular 
buildings  and  accommodation  units  in  the  high  growth mining, oil, and gas 
markets  of Western Australia and Queensland. Underpinned by Ausco's pre-eminent 
design,  assembly,  and  service  capabilities,  Ausco  has  developed a premium 
product  portfolio  and  one  of  the  largest  hire fleets in Australia and New 
Zealand  with more than 14,000 modules. The business also operates in the highly 
attractive   build-own-operate   market,   providing  relocatable  accommodation 
facilities  for workers in remote Australian locations, often close to mining or 
infrastructure projects. 
 
The  Ausco  acquisition  gives  ASH  a  significant market presence in the Asia- 
Pacific  region, substantial exposure  to high growth  markets, and expansion of 
the company's current geographic footprint. 
 
ASH  has also  completed a  refinancing of  its debt  facilities. ASH has issued 
US$1,075  million of 8.50% Senior  Secured Notes, due  for repayment in 2018 and 
EUR275  million  of  9.00% Senior  Secured  Notes,  due  for  repayment  in  2018 
(collectively,  the "Senior Secured Notes")  and US$745 million of 10.75% Senior 
Unsecured  Notes, due for  repayment in 2019 (the  "Senior Unsecured Notes" and, 
together  with the Senior Secured  Notes, the "Notes"). ASH  has also secured an 
additional  asset backed  facility of  up to  US$1.2billion. ASH's existing debt 
facilities  have been either capitalised, via  the issue of additional shares in 
ASH,  or  repaid.  As  a  result  of  the  Acquisition  and restructuring, CMI's 
shareholding in the enlarged ASH group has decreased from 6.57% to 2.78%. 
 
The Notes and related guarantees will be offered only to qualified institutional 
buyers  in reliance on the  exemption from registration set  forth in Rule 144A 
under  the United  States Securities  Act of  1933, as amended  (the "Securities 
Act"),  and outside  the United  States to  non-U.S. persons  in reliance on the 
exemption  from registration set forth in Regulation S under the Securities Act. 
The  Notes  and  the  related  guarantees  have  not  been  registered under the 
Securities  Act, or the securities laws of  any state or other jurisdiction, and 
may  not be  offered or  sold in  the United  States without  registration or an 
applicable  exemption from the Securities Act and applicable state securities or 
blue sky laws and foreign securities laws. 
 
This  press release shall not constitute an offer to sell or the solicitation of 
an  offer to buy, any securities,  nor shall there be any  sales of the Notes in 
any  jurisdiction in  which such  offer, solicitation  or sale would be unlawful 
prior  to registration  or qualification  under the  securities laws of any such 
jurisdiction. 
 
Contact: 
 
Tim Woodcock, Capital Management and Investment plc                0207 725 0800 
 
Robert Beenstock, N+1 Brewin                                       0203 201 3710 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Capital Management & Investment Plc via Thomson Reuters ONE 
[HUG#1648500]
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