MayAir Group Regulatory News (MAYA)

MayAir Group plc

("MayAir" or the "Group")

Commencement of Share Buy-Back Programme

MayAir Group plc (AIM:MAYA), a leading specialist provider of air purification technology, is pleased to announce its intention to commence a share buy-back programme following the approval granted by its shareholders at the annual general meeting of the Group held earlier this year.

The buy-back will be for up to a maximum of 4,247,500 ordinary shares of no par value in the Group ("Ordinary Shares"), representing approximately 10 per cent. of the Group's issued share capital, for an aggregate maximum consideration of £5,755,750. MayAir has engaged its broker, Cantor Fitzgerald Europe, to undertake the buy-back on its behalf.

The shares purchased by the Group will be held in treasury.

The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

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Notes to Editors

Founded in 2001, MayAir Group is a leading specialist provider of air purification technology for use in industrial cleanrooms, supplying large multinational manufacturers including Sony, Continental and Bosch. The Group's core business is in providing Fan Filter Units ("FFUs") air filtering equipment for use in industrial cleanrooms, an area in which MayAir has established itself as one of the leading providers in China.

In recent years, the Group has diversified its product offering to include indoor clean air solutions for the commercial and residential markets. Key flagship commercial projects so far include Shanghai airport terminals, Shanghai International Convention Centre, SOHO Galaxy office development in Beijing and Chengdu's Subway. MayAir is well positioned to take advantage of the growing demand for air purification technology and in the year to 31 December 2015, the Group reported record figures with revenue rising by 45% to US$63.6 million and underlying operating profit rising by 19% to US$7.7 million. MayAir Group listed on AIM in May 2015 with the ticker MAYA.L.

For additional information please visit: www.mayairgroup.com