Submarine Carbon Dioxide System Contract

RNS Reach

9 January 2020

TP Group plc

("TP Group" or the "Company" or the "Group")

Submarine Carbon Dioxide System Contract

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that it has been awarded a contract valued at c.£1.0 million from an existing long-term customer based in South East Asia for the supply of a submarine carbon dioxide removal system.

The work will be undertaken at the TP Group facility in Portsmouth for delivery at the end of 2020. This contact is part of a broader replacement programme.

Phil Cartmell, Chief Executive Officer of TPG commented:

"We are delighted once again to have secured this contract with a long-term customer in the maritime sector. It also demonstrates our growing reputation as a trusted supplier in a global market."

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Notes to Editors

TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's shares have been traded on AIM since July 2001.