Half Year Statement

For Immediate Release 26 August 2010

Hunting PLC ("Hunting" or "the Company" or "the Group") Half Year Results

Hunting PLC (LSE:HTG) the international energy services group today announces its results for the six months to 30 June 2010.

Financial Highlights - from continuing operations:

• Revenue increased to £214.2m (2009: £209.0m)
• Profit from operations before exceptional items of £22.0m (2009: £22.0m), compares with £13.8m profit from operations achieved in the second half of 2009
• Profit from operations of £14.8m (2009: £22.0m)
• Basic earnings per share before exceptional items 11.2p (2009: 11.7p)
• Basic earnings per share 7.3p (2009: 11.7p)
• Interim dividend declared of 3.7p (2009: 3.5p)
• Net cash of £314.1m (2009: £387.6m)

Corporate Highlights

Acquisition of Innova-Extel announced on 16 August 2010 for a cash consideration of US$125 million extends the Group's product offering in Well Construction portfolio - expected to complete by the end of August

Capital expenditure in the period increased to £19.1m (2009: £10.9m) and includes:

• Expansion of Casper, Wyoming facility
• Completion of drilling tools facility at Conroe, Texas
• Commissioning of Wuxi facility in China
• Completion of pipe and tubular goods inventory and management facility in Fordoun, Scotland
• Purchase of facility in Pennsylvania to access Marcellus shale gas play

First commercial orders received for Chemical Injection Systems - 8 units shipped to date

Sales and marketing agreement signed with ArcelorMittal for new OCTG mill in Saudi Arabia

Commenting on the results Dennis Proctor, Chief Executive, said: "Despite the moratorium on deep water drilling in the Gulf of Mexico, the outlook for trading conditions in the second half of 2010 remains encouraging. Hunting remains in an enviable position, with firming end-markets, a strong balance sheet, and an active acquisition and internal investment programme, which will provide the Group with excellent opportunities for growth. We are particularly pleased to have announced the acquisition of Innova-Extel which will contribute to our ongoing performance, and increases our technology and intellectual property position."

For further information please contact:

Hunting PLC Dennis Proctor, Chief Executive Peter Rose, Finance Director Tel: +44 (0) 20 7321 0123

Buchanan Communications Dennis Proctor, Chief Executive Peter Rose, Finance Director Tel: +44 (0) 20 7466 5000

Notes to Editors

Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a fully listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has principal operations in Canada, China, Holland, Hong Kong, Indonesia, Mexico, Singapore, United Arab Emirates and the United States of America.