TPG.L Regulatory News (TPG)

5 August 2016

This announcement contains inside information

TP Group plc

("TP Group" or the "Company")

Contract update

TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group, today confirms that the UK Ministry of Defence (MoD) has issued a Voluntary Ex-Ante Transparency Notice detailing its intention to negotiate a sole source contract with TPG Maritime, a wholly owned subsidiary of TP Group, for the provision of a number of Combined Oxygen Generating Systems (COGS) and COGS system upgrades for UK submarines.

The contract, if awarded, is estimated to be worth circa £22.6 million over approximately 8 years, starting in 2017. This announcement signifies the intention of the MoD to negotiate the aforementioned contract but does not constitute a firm order at this time.

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NOTES TO EDITORS

TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global markets. TP Group designs and develops advanced technologies; engineers complex equipment and systems; and provides support throughout their operational life. The Company's shares have been traded on the AIM market since July 2001.