Tyman Regulatory News (TYMN)

Lupus Capital plc

LTIP 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 the Remuneration Committee of the Company has granted the following nil cost share awards to the Executive Directors of the Company under the Lupus Long Term Incentive Plan (the "LTIP") over ordinary shares of 5 pence each in the Company ("Ordinary Shares").

A further 14 senior managers and executives employed by the Company and its subsidiaries have also been granted nil or nominal cost share awards (depending on jurisdiction) over a total of 349,000 Ordinary Shares.

These awards (together the "2011 Awards") are subject to vesting criteria, as set out in the shareholder circular dated 10 November 2010, a copy of which is available on the Company's website - www.lupuscapital.co.uk.

The performance criteria for vesting of the 2011 Awards is a three year cumulative underlying EPS 2011-13 performance range of 41p to 50p. In summary, if over the three financial years 2011 to 2013, cumulative underlying EPS is less than or equal to 41p, no 2011 Awards will vest; 25 per cent. of 2011 Awards will vest for cumulative underlying EPS of 41p, rising on a straight-line basis to full vesting for cumulative underlying EPS of 50p or higher.

In aggregate, as at today's date, a total of 2,107,000 (1.62%) nil or nominal cost share awards are outstanding over the Company's shares under the LTIP.

Following the grant of these awards, the aforementioned 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:

6 July 2011