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

2014 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 2016 and approval by the Remuneration Committee of the Company (the "Committee"), share awards ("2014 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 9 March 2017.

The announcement of the Group's results for the year ended 31 December 2016 was the trigger event for the vesting of the 2014 Awards. The 2014 Awards were granted in June 2014 and covered the performance period from 1 January 2014 to 31 December 2016. 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 2014 Awards at the calculated percentage set out below:

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

LTIPs awarded from 2014 are subject to a mandatory two-year holding period upon vesting, after the sale of the necessary number of shares to cover tax and National Insurance payments. Therefore, these shares will be retained until June 2019.

2013 Deferred Share Awards vesting

The following nil cost share awards and type B conditional option awards, including dividend shares where eligible, granted in March 2014 in respect of 50% of the Executive Directors' bonuses and in respect of 25% of senior managers' bonuses for the year ended 31 December 2013 and deferred until the announcement of the results of the Group for the year ended 31 December 2016, vested on 9 March 2017:

Both the 2014 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 2014 LTIP Awards and the 2013 DSBP Awards, the Executive Directors' shareholdings in the Company are now as follows:

Voting Rights and Capital

Tyman's issued share capital consists of 178,582,513 ordinary 5p shares and the total number of voting rights in Tyman is 178,040,699 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.

10 March 2017