Baltimore (February 6, 2018) – Algeco Scotsman Global S.à r.l. (“A/S Global” and, together with its subsidiaries, “Algeco Scotsman”), today announced that it has successfully priced a notes offering by two of its affiliates.

Algeco Scotsman Global Finance plc priced its offering of senior secured notes (the “Senior Secured Notes”) which consist of the following tranches:

€600,000,000 Senior Secured Fixed Rate Notes due 2023, to be issued with a coupon of 6.50% per annum and a yield to maturity of 7.00%; $520,000,000 Senior Secured Fixed Rate Notes due 2023, to be issued with a coupon of 8.00% per annum and a yield to maturity of 8.50%; and €150,000,000 Senior Secured Floating Rate Notes due 2023, to be issued with a coupon of EURIBOR plus 625 bps per annum.

Algeco Scotsman Global Finance 2 plc priced its offering of $305,000,000 aggregate principal amount Senior Notes due 2023 (the “Senior Notes” and, together with the Senior Secured Notes, the “Notes”). The Senior Notes priced with a coupon of 10.00% per annum and a yield to maturity of 11.50%.

The proceeds of the Notes, together with proceeds from an equity contribution, borrowings under a new asset-based loan facility and cash on hand, will be used, among other things, to repay existing indebtedness, including all indebtedness outstanding under Algeco Scotsman’s existing asset-based loan facilities agreement, existing senior secured notes and existing senior unsecured notes.

The closing of the sale of the Notes is scheduled to be completed on February 15, 2018, and is subject to customary conditions.

The Notes are being offered in a private placement transaction to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Cautionary Notice Regarding Forward Looking Statements

This press release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements,” particularly those statements concerning expectations regarding the use of proceeds from the offering. A number of risks and uncertainties could cause our actual results to differ materially from current projections, forecasts, estimates and expectations relating to us. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond our control.

Disclaimer

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Important Regulatory Notice

This announcement contains information that prior to its disclosure may have constituted inside information under European Union Regulation 596/2014 on market abuse.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Baltimore (January 25, 2018) – Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, “Algeco Scotsman”) today announced that it has made available certain information relating to Algeco Scotsman on its website, which contains an update on the financial performance of the Group and certain other information and can be accessed at www.modulairegroup.com/investors/financial-reports.

Cautionary Notice Regarding Forward Looking Statements

This press release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements,” particularly those statements concerning expectations regarding the use of proceeds from the offering. A number of risks and uncertainties could cause our actual results to differ materially from current projections, forecasts, estimates and expectations relating to us. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond our control.

Disclaimer

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Important Regulatory Notice

This announcement contains information that prior to its disclosure may have constituted inside information under European Union Regulation 596/2014 on market abuse.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Baltimore (January 25, 2018) – Algeco Scotsman Global S.à r.l. (“A/S Global” and, together with its subsidiaries, “Algeco Scotsman”), today announced that two of its affiliates are launching notes offerings.

Algeco Scotsman Global Finance plc is offering €1,120,000,000 (equivalent) in aggregate principal amount of senior secured notes due 2023 (the “Senior Secured Notes”), which may consist of euro-denominated senior secured fixed rate notes and senior secured floating rate notes and U.S. dollar-denominated senior secured fixed rate notes. In addition, Algeco Scotsman Global Finance 2 plc is offering €295,000,000 (equivalent) in aggregate principal amount of senior notes due 2023, which may be denominated in euro and/or U.S. dollar (the “Senior Notes” and, together with the Senior Secured Notes, the “Notes”).

The proceeds of the Notes, together with proceeds from an equity contribution, borrowings under a new asset-based loan facility and cash on hand, will be used, among other things, to repay existing indebtedness, including all indebtedness outstanding under Algeco Scotsman’s existing asset-based loan facilities agreement, existing senior secured notes and existing senior unsecured notes.

The Notes are being offered in a private placement transaction to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Cautionary Notice Regarding Forward Looking Statements

This press release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements,” particularly those statements concerning expectations regarding the use of proceeds from the offering. A number of risks and uncertainties could cause our actual results to differ materially from current projections, forecasts, estimates and expectations relating to us. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond our control.

Disclaimer

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Important Regulatory Notice

This announcement contains information that prior to its disclosure may have constituted inside information under European Union Regulation 596/2014 on market abuse.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Baltimore (December 15, 2017) – Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, the “Algeco Group”) today announced the successful closing of the acquisition by the Algeco Group’s subsidiary, Target Logistics Management, LLC (“Target Logistics”), of Iron Horse Ranch from funds managed by TDR Capital LLP (“TDR”).

The acquisition solidifies Target Logistics’ position as the single largest provider of turnkey workforce housing in the U.S., including a network of eight lodges and 2,119 beds in the Permian Basin. With the acquisition, Target Logistics’ Permian Basin lodge network now includes Texas lodges in Pecos, Mentone, San Angelo and two in Odessa, along with two lodges in Carlsbad and Lovington, New Mexico. Additionally, Target Logistics adds Eagle Ford lodges in Cameron and Yorktown, Texas.

Diarmuid Cummins, CEO Algeco Scotsman: “Today we announce the completion of the second of two strategic acquisitions which we flagged earlier in the year as important steps forward for the Algeco Group. This transaction materially enhances our leading position in the Permian Basin and expands our presence in the Eagle Ford Basin.”

Brad Archer, CEO Target Logistics: “We are proud to officially welcome Iron Horse Ranch to our team as part of our continued effort to build on our extensive network of turnkey workforce lodges in the United States. Iron Horse Ranch not only complements our existing footprint in the Permian Basin, but also shares our commitment to helping customers realize their full potential by providing a safe and comfortable environment away from the job site.”

Cautionary Notice Regarding Forward Looking Statements

This press release includes forward-looking statements within the meaning of the securities laws of certain applicable jurisdictions, which reflect the Modulaire Group’s expectations regarding its future operational and financial performance. By their nature, the forward-looking events described in this press release may not be accurate or occur at all. In particular, we may not be able to realize the anticipated benefits of the acquisition of Iron Horse. Accordingly, you should not place undue reliance on these forward-looking statements, which speak only as of the date on which the statements were made. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, we undertake no obligation, and specifically decline any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Target Logistics

Target Logistics, an Algeco Scotsman company, is one of the largest providers of turnkey housing solutions in North America. It operates globally in some of the most remote environments, supporting oil, gas and mining with workforce housing, mobile crew camps and extended-stay hotels; government departments and organizations with temporary lodging and refugee integration; and capital projects. Target Logistics was named by Inc. magazine in 2012 and 2013 as one of “America’s Fastest Growing Private Companies.” Visit www.TargetLogistics.net or call (800) 832-4242.

About Iron Horse Ranch

Iron Horse Ranch is an industry leader in workforce housing for the Oil, Gas and Construction industries. Iron Horse Ranch specializes in turn-key remote camp installation, operation, project management and land acquisition. Iron Horse Ranch has one of the highest standards in workforce and temporary housing, winning awards for Service, Quality and Operational Excellence. Iron Horse Ranch operates 6 workforce lodging facilities in North America with over 1000 beds. For more information on Iron Horse Ranch, please visit www.ironhorseranch.com.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Baltimore (December 10, 2017) – Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, the “Algeco Group”) today announced that a finance special purpose vehicle that will be a subsidiary of the Algeco Group has entered into a senior debt package arranged by a syndicate of lending institutions and a preferred stock facility with a group of other financing providers. The proceeds of this financing, or any debt issued in lieu of the loans under the facilities (which replacement debt could be in the form of loans, securities or other debt instruments, may be publicly or privately placed and may be denominated in euros or US dollars), will be used to refinance the existing capital structure of the Algeco Group, including its existing Senior Secured Notes due 2018 and existing Senior Unsecured Notes due 2019. In connection with this refinancing, a lending syndicate will provide a new $400 million senior secured asset backed facility. The debt package is contingent on the satisfaction of customary conditions, including the execution and delivery of definitive documentation and the Algeco Group currently contemplates that the refinancing will be completed in the first quarter of 2018.

The Algeco Group also today announced the successful closing of the acquisition by the Algeco Group of all of the shares of Touax Solutions Modulaires SAS (“TSM”), Touax’s Modular Division Europe, from TSM’s parent, Touax SCA. The addition of TSM expands the Algeco Group’s European presence to 18 countries operating from over 150 locations, with a modular fleet of over 220,000 modules. The acquisition also reinforces the Algeco Group’s leadership in the modular construction market in both sales and rental and further strengthens its position as a European market leader, most notably in France, Germany and Poland. As a consequence of the acquisition, current TSM customers will immediately have access to a wider catalogue of both high-quality products and value-added services.

In addition, the Algeco Group today announced that on December 6, 2017, it exercised its put option with funds managed by TDR Capital LLP, with respect to the shares of Williams Scotsman Holdings Corp. and WillScot Corporation (formerly Double Eagle Acquisition Corp.) that the Algeco Group received as part of the consideration for the previously announced sale of its North American modular space and portable storage operations. The sale of the shares has closed and the exercise price of $78.5 million has been received by the Algeco Group and was used in part to fund the acquisition of TSM.

Diarmuid Cummins, CEO Algeco Scotsman: “Today we announce two major steps forward for the Algeco Group, both of which are fundamental components of our stated objectives of maximizing value for our shareholders while ensuring that all obligations to other stakeholders continue to be met. Algeco’s European business is already the leader in the industry, and the addition of TSM will further strengthen our European franchise and position, while the new debt package ensures that we have the room to continue capturing the improving performance not only in our European operations but also in our operations throughout the rest of the world.

Cautionary Notice Regarding Forward Looking Statements

This press release includes forward-looking statements within the meaning of the securities laws of certain applicable jurisdictions, which reflect the Modulaire Group’s expectations regarding its future operational and financial performance. By their nature, the forward-looking events described in this press release may not be accurate or occur at all. In particular, we may not be able to complete the refinancing on reasonable terms or at all, or realize the anticipated benefits of the acquisition of TSM. Accordingly, you should not place undue reliance on these forward-looking statements, which speak only as of the date on which the statements were made. Although any forward-looking statements contained in this press release reflect management’s current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, we undertake no obligation, and specifically decline any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Touax SCA

The Touax group is a French family group listed in the French stock market and founded in 1855. Specialized in construction and operational leasing, the history of Touax begins in the towing activity on rivers. Organized in 4 branches – shipping containers, modular buildings, river barges, and freight railcars – the Touax group is acting globally with the goal of providing buildings, mobility solutions, responsiveness and flexibility to projects for clients anywhere in the world. Through its four businesses, it serves local markets locally as well as global trade through platforms in Europe, North America, South America, and Asia, and meets companies’ and local government’s needs for movable, flexible solutions. Touax has been listed in the stock market since 1906, financial and corporate information on the group is public and can be found on the Touax group website: www.touax.fr/en.

Disclaimer

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any security, and shall not constitute an offer, solicitation or sale in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Baltimore (December 5, 2017) - Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, the "Algeco Group") today announced that its subsidiary, Algeco Scotsman Global S.à r.l. ("Holdings"), has released and forgiven the principal amount (excluding accrued interest) owed by its subsidiary, Algeco Scotsman Global Finance plc (the "Issuer"), under:

1. $106,150,000 aggregate principal amount of 8½% Senior Secured Notes due 2018 (the "Cancelled Senior Secured Notes"); and
2. $143,850,000 aggregate principal amount of 10¾% Senior Unsecured Notes due 2019 (the "Cancelled Senior Unsecured Notes" and, together with the Cancelled Senior Secured Notes, the "Cancelled Notes").

As previously announced, the Algeco Group's sponsor, TDR Capital, equitized the Cancelled Notes on November 30, 2017. Under the equitization, Holdings ultimately received the Cancelled Notes from its immediate parent, Algeco Scotsman Limited Partnership SLP, pursuant to an equity contribution. The release and forgiveness of the Cancelled Notes was agreed on November 30, 2017, and effectuated on December 1, 2017, by way of cancellation pursuant to Section 2.11 of the relevant indenture. Following cancellation of the Cancelled Notes, the following amounts remain outstanding under the Notes:

1. $1,063,850,000 aggregate principal amount of 8½% Senior Secured Notes due 2018;
2. €275,000,000 aggregate principal amount of 9% Senior Secured Notes due 2018; and 3.) $601,150,000 aggregate principal amount of 103/4% Senior Unsecured Notes due 2019.

No representation is being made as to the correctness or accuracy of the ISIN and CUSIP numbers, as applicable, printed on the Cancelled Notes and listed above.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

This announcement is for informational purposes only, and is not intended to, and does not, constitute or form part of any offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for, any securities of the Algeco Group (as defined below). This announcement is not for distribution or release in or into any jurisdiction in which offers or sales would be prohibited by applicable law.

Baltimore (November 29, 2017) - Algeco/Scotsman Holding S.à r.l. ("AS Holding" and together with its subsidiaries, the "Algeco Group"), today announced the successful closing of the previously-announced sale of its North American modular space and portable storage operations ("Williams Scotsman") to Williams Scotsman Holdings Corp., a newly-formed subsidiary of WillScot Corporation (formerly Double Eagle Acquisition Corp.), a publicly traded special purpose acquisition company.

The Algeco Group received $1.1 billion of consideration in the form of cash and cash equivalents from the sale (the "Cash Consideration"). In connection with the sale, the Algeco Group (i) used approximately $632 million of the Cash Consideration to prepay certain amounts outstanding under the U.S. revolving facility established pursuant to the Algeco Group's Amended and Restated Syndicated Facility Agreement, originally dated as of December 19, 2013 (and as further amended, restated, amended and restated, supplemented or otherwise modified) among AS Holding's indirect subsidiary, Algeco Scotsman Global S.à r.l. ("Algeco Global") and certain of its subsidiaries, the lenders party thereto and Bank of America, N.A., a national banking association, in its capacity as collateral agent and administrative agent (the "ABL Credit Agreement") and (ii) used approximately $37 million of the Cash Consideration to prepay in full all amounts outstanding under the Canadian revolving credit facility established pursuant to the ABL Credit Agreement. The previously announced amendment to the ABL Credit Agreement became effective as of the sale of Williams Scotsman and as a result the ABL Credit Agreement currently provides for up to a $400 million facility, subject to a borrowing base. It is currently anticipated that the Algeco Group will use a portion of the remaining Cash Consideration to finance the previously announced intended acquisitions of Iron Horse Ranch and Touax's European Modular Division.

In connection with the Williams Scotsman sale, the Algeco Group's sponsor, TDR Capital, is expected to equitize on November 30, 2017 $106.15 million in aggregate principal amount of Senior Secured Notes due 2018 and $143.85 million in aggregate principal amount of Senior Unsecured Notes due 2019 issued by Algeco Scotsman Global Finance, plc, a subsidiary of Algeco Global. The Algeco Group also entered into a supplemental indenture to the indenture governing the Senior Unsecured Notes that gives effect to certain amendments agreed to with the holders of such notes, which supplemental indenture will become operative upon this notes equitization.

Prior to and in connection with the completion of the Williams Scotsman sale, Gerard Holthaus resigned as the Algeco Group's Chairman and from all other positions with AS Holding and its subsidiaries.

Cautionary Notice Regarding Forward Looking Statements

This press release includes forward-looking statements within the meaning of the securities laws of certain applicable jurisdictions, which reflect the Modulaire Group's expectations regarding its future operational and financial performance. By their nature, the forward-looking events described in this press release may not be accurate or occur at all. Accordingly, you should not place undue reliance on these forward-looking statements, which speak only as of the date on which the statements were made. Although any forward-looking statements contained in this press release reflect management's current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in any forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on any forward-looking statements. Except as required by law, we undertakes no obligation, and specifically decline any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541