HAYT.L Regulatory News (HAYT)

1 May 2013

Hayward Tyler Group plc

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

Trading update and finals publication date

Further to the announcement of 28 February, Hayward Tyler Group plc (AIM: HAYT.L), the specialist engineering group, is pleased to report that its audited consolidated results for the 15 month period to 31 March 2013 will be published in the week commencing 24 June.

The board expects adjusted profit before tax1 for the 15 month period to be in line with its previous expectations. The directors are also pleased to report that the strong growth in order intake experienced in Q3 and Q4 has continued into Q5. At 31 March 2013, its order intake for the 15 month period stood at £49.5 million, £15.0 million of new orders having been secured since 31 December 2012.

Notable contract wins in Q5 included £2.8 million of conventional power pump orders from China and India, US$5.0 million (£3.1 million) of nuclear related orders won by our US business, which included its largest nuclear order received over the last decade, £1.2 million of oil and gas orders recorded by the UK business and £2.7 million of mainly power related orders for Africa.

As announced on 28 February, the Company continues to see the operational benefits of its strategic sourcing relationship with MBE Cologne coming into effect as evidenced by the delivery of the second kit of parts into the Luton facility and further orders being placed on MBE Cologne for delivery during the new financial year.

Net debt as at 31 March 2013 was £8.5 million, a fall of £1.1 million (12%) from the level as at 31 December 2012, driven by an improvement in working capital and, in particular, a significant reduction in receivables.

Ewan Lloyd-Baker, Chief Executive Officer, commented:

"The on-going progress we are making in our core overseas markets is highly encouraging demonstrated by the strong level of order intake in the final quarter to 31 March 2013. We are confident that this trend underpins the growth aspirations of the business. In addition, positive trends in our end markets combined with the steps we have taken to control costs and invest in our manufacturing facilities, particularly in Luton, give us further reason for confidence in the current year."

1 adjusted for non-trading items being one-off restructuring costs (£1.1 million) offset by collection of doubtful debts (£0.2 million)

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