LONDON (4th March 2025) Modulaire Group, Europe and Asia Pacific’s leading  business services company specialising in modular services and infrastructure, has  today announced that it has become an official partner for the UNESCO World  Engineering Day 2025 campaign.

Modulaire Group, as a leading voice in modular services and infrastructure, has been selected as an  official partner for UNESCO World Engineering Day for Sustainable Development (WED) 2025,  which was launched at UNESCO Headquarters in Paris on 4 March 2025.

An International Day proclaimed by UNESCO, WED is jointly operated by UNESCO and the World Federation for Engineering Organisations (WFEO), which spans some 100 countries and represents more than 30 million engineers.

The launch in March marks the start of a year-long campaign of events, films and related articles and news, highlighting the achievements of engineers and engineering around the world, and promoting engineering as a career.

Produced by the SJH Group – the official media partner and broadcaster for WED – all campaign  content, which includes a multimedia hub dedicated to Modulaire Group, is hosted on the WED  website at www.worldengineeringday.net.

As an official partner, Modulaire Group’s insights and expertise will form an integral part of the 12-month campaign, which provides a springboard for governments, UN-associated organisations,  policymakers, educators and leaders in the public and private sectors to raise awareness of the  importance of engineering.

The WED campaign has an estimated global reach of more than 100 million individuals, and this  year’s theme of “Shaping our sustainable future through engineering” focuses on the essential role  that engineering has to play in achieving the UN’s 17 Sustainable Development Goals (SDGs).

Inder Poonaji, Modulaire Group ESG & Sustainability Director said:  “Engineering is the cornerstone  of a sustainable future. Modulaire Group’s dedicated engineers and designers are the driving force  behind this vision. Our engineers are always on the lookout for opportunities to elevate our designs, ensuring they are not only innovative but also low-carbon and socially responsible.

We are committed to seizing the moment and leading the way in engineering sustainable products  that seamlessly integrate environmental and social aspects. Together, we are not just shaping a better tomorrow — we are building it with every design and every innovation.”

Addressing the significance of WED, Jacques de Mereuil, Executive Director of the WFEO, says:   “World Engineering Day 2025 is all about putting engineering in the global spotlight, showing how  engineers are leading the way in the effort to meet the UN’s Sustainable Development Goal targets,  and inspiring the next generation to find out more about what a career in engineering has to offer.”

Craig Vye, Group Director at St James’s House, says:  “We’re thrilled to be involved in launching this  important international celebration and campaign at UNESCO’s global headquarters in Paris, and  delighted to have Modulaire Group involved, as an authority in modular services and infrastructure.”

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over ~330,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand.

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For further information:

Investor relations:  Rosie Jones

investorrelations@modulairegroup.com

LONDON (12^th June 2024) Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, has today announced plans to reprice its €1.8bn Term Loan B debt.

A call will take place today at 3pm (UK).

To register for the call, please use the following link:

 https://www.netroadshow.com/events/login?show=3420c92c&confId=66881   

Deal details:

• Tranche: EUR Term Loan B
• Size: € 1,800,000,000
• Current Margin: E+450bps
• New Margin: E+425bps
• ESG Margin Ratchet: 7.5bps (Same as existing)
• Floor: 0% (Same as existing)
• OID: 99.75-100.00
• Call Pro: Reset 6 months 101 soft call
• Maturity: Dec-28 (Same as existing)
• Corporate Ratings (M/S/F): B2 (Stable) / B (Stable) / B (Stable)
• Facility Ratings (M/S/F): B2 / B / B+
• UoP: Repricing of existing 1st Lien EUR Term Loan B
• Joint Physical Bookrunners: GS, MS
  • Joint Bookrunners: Bank of America, HSBC, ING, JPM, MUFG, Santander, Société Générale, Wells Fargo
• Admin Agent: US Bank
• Global Lender Call: Wednesday June 12, 15.00 UKT

The lender presentation, which includes incremental information on the Modulaire Group, will be available from 3pm at:

https://www.modulairegroup.com/investors/financial-reports 

(Lender Presentation June 2024)

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over ~330,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand.

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For further information:

Investor relations:  Rosie Jones

investorrelations@modulairegroup.com

LONDON (6th June 2024) – Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, is pleased to announce the appointment of Pavan Pattada as Group Chief Executive Officer (CEO). Pavan will replace Mark Higson, who has informed the Board of his decision to retire. 

Pavan joins from Westinghouse Electric Company where he served as Executive Vice President, Global Operations Services for 5 years. During this period, Pavan was pivotal in leading the restructuring of the business supporting a step change in operating performance and enabling the business to return to growth.

Prior to this, Pavan spent 16 years in a variety of executive roles at Eaton Corporation. His earlier career included spells at Deloitte Consulting and leadership roles in the Merchant Navy.

Pavan joins Modulaire Group on 8th July 2024 and will be appointed CEO effective 1st August 2024.

The Board would like to thank Mark for his leadership and dedication since he joined the business in 2020. During that period, he has overseen the successful transition of Modulaire Group under Brookfield’s ownership, while delivering sustained profitable growth and much improved safety and ESG performance.

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over ~335,000 modular space and portable storage units, and 5,000 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Ausco and NET Modular in Australia, and Portacom in New Zealand.

Modulaire Group launches latest ESG report with 30.7% emissions reduction

LONDON (21^th March 2024) –  Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, has today published its latest global sustainability report. It shows that the company is on track to achieve its 2025 goals, with a significant 30.7% reduction of Scope 1 and 2 market-based emissions since 2020.

In the 2023 ESGS report, “Modular Solutions for a circular economy”, the Group outlines the ways in which it is taking action on climate change.  The report shares Modulaire Group’s ESGS purpose, strategy, commitments and progress against targets.

Inder Poonaji (Group Director of ESG and Sustainability) said, “Our sustainable circular business model – Loops within Loops – continues to deliver great results for our business and our customers. We are using innovative design solutions to produce modular units that can stay in service longer, going round and round again. It uses less materials and produces less waste. Today, our business is producing over 30% less carbon emissions, using 55% less water and sending 75% less waste to landfill, all since 2020. We’re proud of our performance and our products.”

Mark Higson (Group CEO) said, “I remain more convinced than ever that Modulaire is making a valuable contribution to building a circular economy. We deliver adaptable and recyclable modular solutions that are helping our customers respond faster to changing population and climate needs. Our low-emissions customer service centre sets a new ESG benchmark across the Group, clearly demonstrating our strategic focus on electrification, renewable energy and protecting biodiversity.”

Key performance highlights in the report include:

• 30.7% reduction of Scope 1 and 2 market-based emissions (vs 2020)
• 67% renewable energy
• 55% less water used (vs 2020)
• 75% less waste to landfill (vs 2020)
• 33% lower LTAFR (vs 2022)
• 5,145 paid volunteering hours
• 4 EcoVadis medals

Click HERE to download the Modulaire Group 2023 ESGS report

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries, with over 330,000 modular space and portable storage units, and 4,400 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom.

Other operating brands include Advanté in the United Kingdom, Altempo in France, Algeco Chengdong in China, Ausco and NET Modular in Australia, and Portacom in New Zealand.

For further information:

Investor relations:  Rosie Jones

investorrelations@modulairegroup.com

07866 946 003

Modulaire Group announces Term Loan B add on

LONDON (9^th May 2023) –  Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, has today announced plans to raise additional funds.

On the back of the Group’s strong performance, deleveraging and attractive market conditions, Modulaire plans to raise an incremental €150m Senior Secured Term Loan B on a fungible basis to the existing €1,650m Term Loan B due December 2028. Proceeds will be used to repay the partially drawn Revolving Credit Facility, for general corporate purposes and to pay transaction fees and expenses.

The lender presentation, which includes incremental information on the Mobile Mini business acquired by Modulaire in January this year and also an update on current trading, will be available at https://www.modulairegroup.com/investors/financial-reports (Lender Presentation May 2023)

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About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries with over 335,000 modular space and portable storage units and 4,400 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom.

Other operating brands include Advanté in the United Kingdom, Altempo in France, Algeco Chengdong in China, Ausco and NET Modular in Australia, and Portacom in New Zealand.

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For further information:

Investor relations:  Rosie Jones

investorrelations@modulairegroup.com

07866 946 003

Media enquiries: Teneo

modulairegroup@teneo.com

0207 353 4200

Modulaire Group announces Q4 FY2022 Financial Results Conference Call

LONDON (21^st April 2022) – Modulaire Group, a leading business services company specialising in modular space, today announced that it will hold its full year financial results conference call on Wednesday 26^th April at 2:00pm BST.

Prior to the call, the slide presentation, Q4 FY2022 financial information and dial-in details will be available at https://www.modulairegroup.com/investors/financial-reports that includes a password-protection feature.

Modulaire Group invites all interested parties to register at their earliest convenience by visiting https://www.modulairegroup.com/investors/apply. Access will be granted to existing and prospective lenders and noteholders and certain other eligible parties (including securities analysts and rating agencies) who have registered for an account.

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About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries with over 335,000 modular space and portable storage units and 4,400 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom.

Other operating brands include Advanté in the United Kingdom, Altempo in France, Algeco Chengdong in China, Ausco and NET Modular in Australia, and Portacom in New Zealand.

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For further information:

Investor relations:  Rosie Jones

investorrelations@modulairegroup.com

07866 946 003

Media enquiries: Teneo

modulairegroup@teneo.com

0207 353 4200

Modulaire Group appoints new Group Chief Financial Officer

LONDON (21^st April 2023) –  Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, is pleased to announce the appointment of Emma Mercer as Group Chief Financial Officer (CFO). Emma replaces Oliver Tant, who has been providing support to Group Finance on an interim basis.

Emma joins from Rentokil Initial plc where she was European CFO, leading the finance function for 18 countries across the region during a period of significant growth and strong margin performance. Over the course of her five-year tenure at Rentokil Initial plc, Emma oversaw the acquisition and successful integration of multiple businesses each year. In addition, Emma led the commercial margin protection plan during the Covid period and the last years of high inflation and was instrumental in setting the region’s plan to incorporate standardised processes and systems and the move to SOX compliance.

Prior to Rentokil Initial plc, Emma worked at Carillion plc, including three years as CFO and SVP for Carillion Canada before returning to the UK to help support the company’s restructuring from 2017.

Emma started her career at KPMG where she qualified as an accountant and subsequently spent over 13 years in audit and transactions, primarily in the construction and business services sector.

Emma will formally take over from Oliver on 1^st May 2023 and will be a key member of the Executive Team as it continues to make progress against the Group’s five strategic priorities.

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries with over 335,000 modular space and portable storage units and 4,400 remote accommodation rooms.  The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom.

Other operating brands include Advanté in the United Kingdom, Altempo in France, Algeco Chengdong in China, Ausco and NET Modular in Australia, and Portacom in New Zealand.

For further information:

Investor relations:  Rosie Jones

investorrelations@modulairegroup.com

07866 946 003

Media enquiries: Teneo

modulairegroup@teneo.com

0207 353 4200

Modulaire Group further strengthens UK presence with the acquisition of Mobile Mini UK

LONDON (13th December 2022) – Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, is pleased to announce that it has agreed to acquire Mobile Mini UK Holdings Limited (“Mobile Mini UK”) from a subsidiary of WillScot Mobile Mini Holdings Corp.

With a national network of 16 locations in the UK, Mobile Mini UK is a leading supplier of steel storage and accommodation units across numerous sectors including construction, retail, manufacturing, healthcare, and education. Mobile Mini UK has approximately 42,000 units, 375 employees and an annual revenue of approximately £80m.

The transaction, which is subject to UK regulatory approval, is expected to close in Q1 2023.

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About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries with over 290,000 modular space and portable storage units and 4,400 remote accommodation rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Altempo in France, Algeco Chengdong in China, Ausco and NET Modular in Australia, and Portacom in New Zealand.

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For further information:

Investor relations:  Rosie Jones

investorrelations@modulairegroup.com

07866 946003

Media enquiries: Tulchan Communications

modulairegroup@tulchangroup.com

0207 353 4200

MODULAIRE GROUP ANNOUNCES Q3 2022 FINANCIAL RESULTS CONFERENCE CALL

LONDON (23^rd November 2022) – Modulaire Group, a leading business services company specialising in modular space, today announced that it will hold its third quarter financial results conference call on Tuesday 29^th November at 3:00pm GMT.

Prior to the call, the slide presentation, Q3 FY2022 financial information and dial-in details will be available at https://www.modulairegroup.com/investors/financial-reports that includes a password-protection feature.

Modulaire Group invites all interested parties to register at their earliest convenience by visiting https://www.modulairegroup.com/investors/apply. Access will be granted to existing and prospective lenders and noteholders and certain other eligible parties (including securities analysts and rating agencies) who have registered for an account.

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About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries with over 290,000 modular space and portable storage units and 4,400 remote accommodations rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Algeco Chengdong in China, Ausco in Australia, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Portacom in New Zealand, and Tecnifor and Locabox in Italy.

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For further information:

Investor relations: Rosie Jones

investorrelations@modulairegroup.com

07866 946003

Media enquiries: Tulchan Communications

modulairegroup@tulchangroup.com

0207 353 4200

MODULAIRE GROUP ANNOUNCES JULY AND AUGUST 2022 ESTIMATED FINANCIAL RESULTS & PRICING OF A €140MM INCREMENTAL SENIOR SECURED TERM LOAN B

LONDON (5 October 2022) – Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, today announced its estimated financial results for the 2 months ending 31 July 2022 and 30 August 2022. The following information is not yet finalized, remains subject to completion and reflects management’s current estimates of the two months.

Revenue for July and August 2022 was €292 million, compared to €237 million for July and August 2021, an increase of €55 million, or 23%. Organic Revenue for July and August 2022 was €233 million, compared to €191 million for July and August 2021, an increase of €42 million, or 22%.

Underlying EBITDA for the Group for July and August 2022 was €88 million, compared to €79 million for July and August 2021, an increase of €9 million or 11%. Organic Underlying EBITDA for July and August 2022 was €66 million, compared to €63 million for July and August 2021, an increase of €4 million or 6%.

Cash flow from operations less capex, tax and movements in working capital for the Group for July and August 2022 was (€39) million, compared to (€47) million for July and August 2021, an improvement of €8 million or 17%.

In addition, Modulaire successfully priced an incremental €140m Senior Secured Term Loan B on a fungible basis to the existing €1,510m Term Loan B due December 2028 through a private syndication process. The transaction is due to close in the next few weeks. Proceeds are earmarked for future M&A and to pay associated deal fees and expenses. Associated ratings actions will be published by Moody’s, S&P and Fitch. Goldman Sachs acted as Sole Physical Bookrunner. ING and MUFG acted as Joint Bookrunners.

About Modulaire Group

Modulaire is a leader in European modular services and infrastructure. We create smart spaces for people to work, learn and live. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire has operations in 24 countries with over 290,000 modular space and portable storage units and 4,400 remote accommodations rooms. The company operates as Algeco, its largest brand, across much of Europe and the United Kingdom. Other operating brands include Advanté in the United Kingdom, Algeco Chengdong in China, Ausco in Australia, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Portacom in New Zealand, and Tecnifor and Locabox in Italy.

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For further information:

Investor relations:

investorrelations@modulairegroup.com

Media enquiries: Tulchan Communications

modulairegroup@tulchangroup.com

0207 353 4200