Tyman Regulatory News (TYMN)

TYMAN PLC

("Tyman" or the "Group" or the "Company")

LTIP Awards and Deferred Share Awards vest and Directors' Dealing

Voting Rights and Capital

2016 LTIP Awards vest

Tyman plc, a leading international supplier of engineered components to the door and window industry, announces that following the announcement of the Group's results for the year ended 31 December 2018 and approval by the Remuneration Committee of the Company (the "Committee"), share awards ("2016 Awards") under the Tyman Long Term Incentive Plan (the "LTIP"), in the form of nil cost options over ordinary shares of 5 pence each in the Company ("Ordinary Shares") vested on 18 March 2019.

The announcement of the Group's results for the year ended 31 December 2018 was the trigger event for the vesting of the 2016 Awards. The 2016 Awards were granted in March 2016 and covered the performance period from 1 January 2016 to 31 December 2018. Awards were dependent on the cumulative Underlying Basic EPS from continuing operations for the three years measured against a defined target range.

The Remuneration Committee has satisfied itself that the recorded Underlying Cumulative EPS is a genuine reflection of the underlying business performance of the Group over the performance period and accordingly has approved the vesting of the 2016 Awards at the calculated percentage set out below:

· \* The Remuneration Committee chose to exercise its discretion in respect of the TSR underpin and to reduce the vesting from 100 per cent. to 90 per cent. for the Executive Directors.

· The number of awards that have vested for the Executive Directors and the Senior Managers, including dividend shares where eligible, is as follows:

Executive Directors and certain senior managers are required to retain shares that vest as 2016 Awards until March 2021.

2015 Deferred Share Awards vesting

The following nil cost share awards and type B conditional option awards, including dividend shares where eligible, granted in March 2016 in respect of 50% of the Executive Directors' bonuses and in respect of 25% of senior managers' bonuses for the year ended 31 December 2015 and deferred until the announcement of the results of the Group for the year ended 31 December 2018, vested on 18 March 2019:

Both the 2016 LTIP Awards and the DSBP Awards will be satisfied in accordance with Group policy through the issuance of shares from the Tyman Employees Benefit Trust ("EBT") and purchases of shares by the EBT.

Following the vesting of the 2016 LTIP Awards and the 2015 DSBP Awards, the Executive Directors' shareholdings in the Company are now as follows:

Voting Rights and Capital

Tyman's issued share capital as at 19 March 2019 consists of 196,762,059 ordinary 5p shares and the total number of voting rights in Tyman is 196,232,876 ordinary 5p shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Tyman under the FCA's Disclosure and Transparency Rules.

19 March 2019