Re: Press Speculation

27 Jun 2007 11:17

Tanfield Group PLC27 June 2007 Tanfield Group Plc ("Tanfield" or the "Company") Recent press speculation The Company notes the recent press speculation regarding a fund raising. TheCompany confirms that it has completed a placing to raise £115 million at 163pper ordinary share to fund a substantial acquisition, which is expected to besignificantly earnings enhancing in the first full year of ownership. Theplacing is conditional upon, inter alia, completion of the acquisition and theCompany expects to provide further information shortly. Cenkos Securities plc Tel: +44(0)20 7397 8900 Stephen Keys This information is provided by RNS The company news service from the London Stock Exchange