TEG.L Regulatory News (TEG)

The TEG GROUP PLC (TEG/L)

("TEG" or "the Company")

Re: New Contract

TEG Awarded a Contract

by Nottingham City Council

The TEG Group Plc (AIM: TEG) is pleased to announce that its subsidiary TEG Environmental Limited has been awarded a contract by Nottingham City Council for green waste composting at its Simpro Oxton site. The contract will commence in June 2013 and is for a 3-year term with a further 2 years extension option. The volume of green waste is expected to be 12-15,000 tonnes per annum and the overall revenues will be in the region of £1.0-1.3m over the initial period of the contract. 

Commenting for TEG, Chief Executive Mick Fishwick said: "We are delighted to have been awarded this contract which will further strengthen our relationship with Nottingham City Council."

ENDS