Tyman Regulatory News (TYMN)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN OR SOUTH AFRICA.

This announcement is not a prospectus and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Tyman plc or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.

21 May 2013

For immediate release

Tyman plc

Results of Firm Placing and Placing and Open Offer

Tyman plc ("Tyman" or the "Company" or the "Group"), an international supplier of components to the door and window industry, is pleased to announce the results of its fully underwritten Firm Placing and Placing and Open Offer to raise approximately £73 million as part of the funding for the acquisition of Truth Hardware, as originally announced on 1 May 2013.

Highlights

·; Strong support from existing and new investors

·; Gross proceeds of approximately £73 million raised pursuant to the Firm Placing and the Placing and Open Offer via the sale of 6,864,200 Treasury Shares and the issue of 32,816,904 New Ordinary Shares at the Issue Price of 185 pence per share

·; Firm Placing of 6,864,200 Firm Placing Shares raising approximately £12.7 million

·; Applications received for 25,346,868 Open Offer Shares from Qualifying Shareholders

·; Applications received for 3,855,695 Excess Offer Shares from Qualifying Shareholders, together with the Applications under the Open Offer, representing a take-up rate of 89.0 per cent.

·; The balance of 3,614,341 Open Offer Shares not applied for by Qualifying Shareholders under the Open Offer or Excess Application Facility have been placed with certain institutional investors by Canaccord Genuity and HSBC pursuant to the terms of the Underwriting Agreement

·; Proceeds intended to be used to partially fund the planned $200 million acquisition of Truth Hardware, as originally announced on 1 May 2013. The Acquisition is expected to complete by late June 2013 as described in the Prospectus

·; Planned move to the Main Market expected to take place shortly following completion of the Acquisition

Admission of the New Ordinary Shares

Application has been made to the London Stock Exchange for the 32,816,904 New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission to AIM will become effective and that dealings will commence in the New Ordinary Shares at 8:00 a.m. on 23 May 2013. It is expected that CREST accounts will be credited on 23 May 2013 and share certificates will be despatched on or around 3 June 2013.

Total Voting Rights

Following Admission to AIM of the New Ordinary Shares and the sale out of treasury of the Firm Placing Shares, the Company will have a total of 170,104,385 Ordinary Shares in issue, of which 582,483 shares will be held in treasury. Shareholders may therefore use the figure of 169,521,902 as the denominator to by which to determine whether they are required to notify their interest in, or change to their interest in, the Company under the Disclosure and Transparency Rules.

Directors' Shareholdings

All Directors of the Company subscribed for their full Basic Entitlement and, following completion of the Open Offer and the Admission to AIM of the New Ordinary Shares, the Directors will have the following interests in Ordinary Shares:

*based on the 169,521,902 Ordinary Shares in issue following Admission to AIM of the New Ordinary Shares

Copies of this announcement will be made available on Tyman's website (www.tymanplc.com) today.

Capitalised terms in this announcement, unless the context requires otherwise, shall have the same definition as set out in the Prospectus.

Enquiries:

This announcement is for information purposes only and does not contain or constitute or form part of an offer of, or the solicitation of an offer to buy or subscribe for, securities in any Excluded Territory. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.

Subject to certain exceptions, the securities referred to herein may not be offered or sold in any Excluded Territory or to, or for the account or benefit of, any national, resident or citizen of any Excluded Territory. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act") or under the applicable securities laws of any Excluded Territory. There has and will be no public offer, nor an offering of securities for sale, in any of the Excluded Territories.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the US Securities Act, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

The distribution of this announcement and/or the Prospectus and/or the Application Form and/or the offering of the New Ordinary Shares in jurisdictions other than the United Kingdom may be restricted by law. Such persons should inform themselves about and observe any applicable requirements. No action has been taken by the Company or any of Rothschild, Canaccord Genuity or HSBC that would permit an offering of such rights or shares or possession or distribution of this announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required.

Persons into whose possession this announcement comes are required by the Company and each of Rothschild, Canaccord Genuity or HSBC to inform themselves about, and to observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement is for information and background purposes only and does not purport to be full or complete. No reliance may or should be placed by any person for any purpose whatsoever on the information contained in this announcement or on its accuracy or completeness. The information in this announcement is subject to change.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.

This announcement is not a prospectus and investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information contained in the Prospectus published on 1 May 2013 by the Company in connection with the Proposals. Copies of the Prospectus are available from the Company's registered office at 65 Buckingham Gate, London SW1E 6AS.

Rothschild, which is authorised by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and the Prudential Regulation Authority, is acting for the Company and no one else in relation to the Proposals and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Rothschild nor for providing advice in relation to the Proposals.

Canaccord Genuity, which is authorised and regulated in the UK by the Financial Conduct Authority, is acting for the Company and no one else in connection with the Firm Placing and the Placing and Open Offer and will not regard any other person as a client in relation to the Firm Placing and the Placing and Open Offer and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Canaccord Genuity or for providing advice in relation to the matters described in this announcement.

HSBC, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, is acting for the Company and no one else in connection with the Firm Placing and the Placing and Open Offer and will not regard any other person as a client in relation to the Firm Placing and the Placing and Open Offer and will not be responsible to anyone other than the Company for providing the protections afforded to clients of HSBC or for providing advice in connection with the matters referred to in this announcement.

-- ends --