HAYT.L Regulatory News (HAYT)

6 March 2014

Hayward Tyler Group plc

("Hayward Tyler", the "Company" or "the Group")

Corporate and Trading Update

Corporate Update

Further to the Corporate Update announcement of 28 January, the Directors of Hayward Tyler (AIM:HAYT), the specialist engineering group, are pleased to announce the completion of the Company's new banking facilities with The Royal Bank of Scotland plc ("RBS") delivering improved flexibility and cost savings to the Group.

Furthermore, in line with the Company's Directorate Change announcement of 28 January, Hayward Tyler announces that the three non-executive directors representing the former interests of McNally Bharat Engineering ("MBE") - Mr Deepak Khaitan, Mr Subir Dasgupta and Mr Prabir Ghosh - have resigned from the Board with immediate effect.

Trading Update

The Company is also pleased to report that during February 2014 the Group has completed a series of key contracts wins and agreements across the main markets in which it operates.

In the conventional power market, Hayward Tyler has secured its first BCP contract win in Europe for eight years, as well as new contracts for Supercritical Boiler Pump Sets in China valued at over £2 million. The European BCP order, valued at approximately £0.65 million, is for deployment in the Kozienice power station in Poland.

In the oil and gas market, Hayward Tyler is likewise pleased to report that it has recently won a £0.5 million spare motor contract for deployment in the Ekofisk field. In September 2013 Hayward Tyler announced it had entered into a Joint Strategic Initiative with Eureka Pumps AS to jointly market combined submersible pump and motor solutions up to 2MW for the offshore oil & gas exploration market.

Meanwhile, in the nuclear market, Hayward Tyler is delighted to announce that it is one of a select number of businesses that has been accepted onto the Civil Nuclear Sharing in Growth Programme (CNSIG). CNSIG targets the UK manufacturing supply chain for civil nuclear in new build, operations and decommissioning and aims to help UK companies win work in the nuclear industry in the UK and abroad. CNSIG is part-funded by government through the Regional Growth Fund, managed by the Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC) and supported by industry leaders such as Rolls-Royce.

Ewan Lloyd-Baker, CEO of Hayward Tyler, commented:

"We are delighted that the re-banking has now completed. When combined with the improved capacity and efficiency being generated through our Continuous Improvement Programme, the re-banking is allowing us to take full advantage of the improving environment we are experiencing across our core markets. These contract wins and the overall momentum of the Company give us confidence that trading for the full year period will be at least in line with current market expectations."

Enquiries: