HUNTING PLC
Annual Report & Accounts 2004
15 March 2005

Excerpt from the Finance Director's Review

On 17 December 2004, the issue of US$70m Private Placement Notes was concluded. These have a maturing profile commencing in January 2008 with final payment in January 2012.

These facilities provide the Group with adequate liquidity to meet anticipated future requirements.

Dennis Clark
Finance Director

Placement of these securities was arranged through Schechter & Co Limited.


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