Paul Hastings Closes Largest Cross-Border Asset-Based Loan For Bank Of America Business Capital, Providing Financing To Subsidiaries Of Ashtead Group PLC

November 30, 2004

ATLANTA, GA (November 30, 2004) Paul, Hastings, Janofsky & Walker LLP (Paul Hastings), a leading international law firm, is pleased to announce that the firm advised on the closing of the largest cross-border asset-based loan for Bank of America Business Capital, a $675,000,000 financing for certain subsidiaries of Ashtead Group PLC.