HYR.L Regulatory News (HYR)

31 October 2011

Hydrodec Group plc

("Hydrodec", "the Company" or "the Group") 

Regarding press speculation

The Board of Hydrodec Group plc notes the recent press speculation relating to rumoured management changes. The detail of the speculation is inaccurate but, as announced in the interim results on 21 September, the Board is planning a further strengthening of the leadership team. A further announcement will be made when appropriate.

For further information please contact:

Notes to Editors:

Hydrodec Group plc

The Group's technology is a proven highly efficient oil re-refining and chemical process which was initially targeted at the multi-billion US$ market for transformer oil used by the world's electricity industry and now supplies oil to several other industries. The Group takes spent transformer oil, including polychlorinated biphenyl ("PCB") contaminated oil, as the primary feedstock, which is then processed at its two plants enabling 99 per cent or greater recovery of oil for reuse while also eliminating PCBs, a toxic additive banned under international regulations, without environmentally harmful emissions.