HAYT.L Regulatory News (HAYT)

For immediate release: 15 May 2012

Specialist Energy Group plc

("SEG" or the "Company")

Issue of Equity

Further to the announcement of 30 April, Specialist Energy Group plc (AIM: SEGR.L), the specialist engineering group, is pleased to announce that 10,000,000 New Ordinary Shares (the "Subscription Shares") priced at 50 pence have now been issued to MBE Mineral Technologies Pte Ltd ("MBE") raising £5 million before expenses for the Company. The funds raised will be used to settle existing derivative instruments and to facilitate the Company's new borrowing arrangements with Standard Chartered Bank and MBE.

Application has been made for the Subscription Shares to be admitted to trading on AIM ("Admission") and it is anticipated that Admission will occur on 16 May 2012. On Admission the Subscription Shares will rank pari passu with the Company's existing ordinary shares ("Ordinary Shares"). On Admission, the total voting rights in the Company will be 45,507,404.

The above figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

A separate announcement will be issued on completion of the proposed new borrowing facilities from Standard Chartered Bank and MBE.

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