Tyman Regulatory News (TYMN)

Lupus Capital plc

Deferred Share Bonus Plan Awards and Directors' Dealing

Lupus Capital plc ("Lupus" or the "Company"), a leading international supplier of building products to the door and window industry and the world's number one manufacturer of marine breakaway couplings, announces that on 23 March 2011, the Remuneration Committee of the Company granted the following nil cost share awards in respect of the year ended 31 December 2010 (the "2010 Awards") to the Executive Directors of the Company under the Lupus Deferred Share Bonus Plan (the "Deferred Plan") over ordinary shares of 5 pence each in the Company ("Ordinary Shares").

Under the Deferred Plan, 50 per cent. of Executive Director bonuses that would otherwise have been payable are instead delivered in the form of either conditional share awards or nil-cost options. These awards will normally vest (together with dividend equivalents in cash or Ordinary Shares) at the end of a three year period. It is expected that the 2010 Awards will vest on 23 March 2014. No consideration was paid for the 2010 Awards and no consideration is due to be payable on vesting.

For the 2010 financial year, only the Executive Directors of the Company have been required to defer a portion of their bonuses under the Deferred Plan. From 2011 other key employees may be required to defer a proportion of their bonuses pursuant to the Deferred Plan.

Following the grant of the 2010 Awards, the Executive Directors have the following interests in the Company's share capital:

All percentages are expressed as a percentage of voting share capital, being 129,840,798 Ordinary Shares.

Enquiries:

24 March 2011