TPG.L Regulatory News (TPG)

4 July 2016

This announcement contains price sensitive 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 MoD has issued a notice detailing its intention to award a sole source contract to TPG Maritime, a wholly owned subsidiary of TP Group, for an asset availability service contract relating to Submarine Air Purification. 

The contract, upon award, would be for an initial 7 years with an optional 3 years extension and is estimated to be worth £27.8 million over the full life cycle of the contract.

TP Group anticipates the contract will commence in early 2017.

Further information can be found at http://ted.europa.eu/udl?uri=TED:NOTICE:227000-2016:TEXT:EN:HTML&src=0

For further information, please contact:

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.