TCN.L Regulatory News (TCN)

2 August 2012

Tricorn Group Plc

("Tricorn" or the "Company")

Posting of Shareholder Circular and Annual Report and Accounts

Approval of a buyback of Shares, waiver of obligations under Rule 9 of the City Code and Notice of Annual General Meeting

Tricorn, the AIM listed tube manipulation specialist, announces that it is today posting the 2012 Annual Report and Accounts to Shareholders, along with a Circular which, amongst other things, includes the Notice convening the Annual General Meeting of the Company, to be held at the offices of Westhouse Securities Limited, One Angel Court, London EC2R 7HJ, at 11.00 am on 4 September 2012.

The Notice sets out the resolutions to be proposed at the Annual General Meeting. All documentation is available on the Company's website at www.tricorn.uk.com.

Included in the resolutions to be proposed at the Annual General Meeting are the Whitewash Resolution and the Buy Back Resolution. The Buy Back Resolution seeks the approval of Shareholders for, inter alia, the authority for the Company to make purchases of its own Ordinary Shares up to a maximum number of 3,339,500, being 10 per cent. of the Company's existing issued share capital. The Whitewash Resolution seeks the approval of Independent Shareholders of a waiver by the Panel on Takeovers & Mergers of any requirement under Rule 9 of the City Code for Roger Allsop and any persons connected to him to make a general offer for the Company that would arise as a result of any share buy back that may be effected following the Buy Back Resolution being passed.

Capitalised terms used in this announcement shall have the same meaning as ascribed in the Circular dated 31 July 2012 unless the context requires otherwise.

For further information please contact:

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