TPG.L Regulatory News (TPG)

21 July 2020

TP Group plc

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

€9 million of additional work orders secured under ESA framework contract

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, is pleased to confirm that its subsidiary Sapienza Consulting has received a further series of work orders under its extended framework contract with the European Space Agency ("ESA"), announced 24 March 2020.

The newly received work orders are worth in excess of €9 million and relate to a range ESA programmes at the European Space Technology Centre ("ESTEC") at Nordwijk in the Netherlands. This is in addition to the €18m of works orders announced on 18 June 2020. Further work orders are expected to be received under this framework agreement.

Phil Cartmell, Chief Executive Officer of TP Group, commented:

"We are very pleased to have received these work orders from ESA. It is encouraging to see business continuing during this difficult period and we remain able and available to support our partners on their long-term programmes."

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Notes to Editors

TP Group delivers complex equipment, software and services for mission, business and safety critical applications in defence, space, intelligence & security and energy sectors. With more than 400 people in 6 European countries, it serves global customers through long-term contracts. The Group's shares have been traded on AIM since July 2001.