TPG.L Regulatory News (TPG)

Corac Group plc

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

Appointment of Managing Director

Corac is pleased to announce that Mark Crawford will take on the role of Group Managing Director with immediate effect. Mark will now assume responsibility for the day to day management of the Group, whilst also retaining the position of Chief Financial Officer.

Mark's new role will provide the Company with operational leadership to focus on the successful delivery, commercialisation and administration of its strategy to realise stakeholder value. He will be supported by the management team established in 2010.

Mark will resign his role as Company Secretary with immediate effect and will be replaced by Stephen Harrow, Head of Finance.

Phil Cartmell will continue in the role of Executive Chairman focusing on Group strategy and managing external relationships.

Phil Cartmell, Executive Chairman, on behalf of the Board stated:

"Mark has demonstrated great drive and leadership in supporting the Company and its stakeholders since he joined the business in October 2009. The Board is delighted that Mark has agreed to take on this new role at a time when we are broadening the platform of commercial opportunities in order to build a strong business future for Corac." 

Editors Notes

Corac is an innovative research and development group, specialising in compressor and power electronics technology, developing patented applications and creating value for end customers.

For further information:

Corac Group plcPhil Cartmell - Executive ChairmanMark Crawford - Managing Director and Chief Financial OfficerTel: 01895 813463

CenkosJeremy Warner-Allen - SalesLiz Bowman/Ivonne Cantú - NomadTel: 020 7397 8980

Buchanan Communications LtdRichard Darby/Ben Romney/Helen ChanTel: 020 7466 5000