TPG.L Regulatory News (TPG)

10 December 2013

CORAC GROUP PLC

Contract Win

Hunt Graham wins £1.1m high-technology heat exchangers order

Corac Group plc is pleased to announce that its subsidiary Hunt Graham Ltd. (HG) has received an order from the UK division of a global speciality chemical company for the design and manufacture of heat exchangers central to their manufacturing process.

This order, worth approximately £1.1m, is for 4 exchangers plus a full set of interchangeable spares to be delivered in the UK during 2014. The systems will be manufactured at HG's integrated design and production facility in Dukinfield, Greater Manchester, using specialist stainless steel and nickel alloy material for optimum high temperature operations.

Corac Group Chief Executive Phil Cartmell commented:

"We are very pleased to have received such a significant order from a new customer. This order, from a global industrial company, underlines Hunt Graham's position as a leading producer of specialist, high-technology thermal systems.

"This order strengthens HG's order book, and sets the company up for further success in 2014"

Ends

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NOTES TO EDITORS

Corac is a group of innovative UK based engineering companies, active in energy and environmental technologies. Group companies produce valuable solutions in compression systems, atmosphere management and heat exchangers for government, energy and industrial users. It has traded shares on the London Alternative Investment Market (AIM) since July 2001.