Trading Update

Hardide plc

("Hardide" or "the Group" or "the Company")

Trading Update

Hardide (AIM: HDD), the provider of advanced surface coating technology, provides the following trading update.

The Group has made good progress in the first seven months of the current financial year ending 30 September 2015. While the dramatic decline in the oil price has had no discernible impact on demand from our major oil and gas service company customers in this period, there are now indications that the second half of the year is likely to be affected by reduced exploration and drilling spending, and the Board takes a cautious view given the limited forward visibility from these customers. Outside this segment, demand remains encouraging and the Company continues to diversify its customer base.

Plans for the opening of the new US production facility remain on track, as well as test programmes for customers across a range of industries, including aerospace. The Group's financial position remains strong.

Half year results for the six months ended 31 March 2015 will be published in late May.

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Notes to editors:

Hardide develops, manufactures and applies advanced technology tungsten-carbide coatings to a wide range of engineering components. Its patented technology is unique in combining in one material a mix of toughness and resistance to abrasion, erosion and corrosion; together with the ability to coat accurately interior surfaces and complex geometries. The material is proven to offer dramatic improvements in component life, particularly when applied to components that operate in very aggressive environments. This results in cost savings through reduced downtime and increased operational efficiency. Customers include leading companies operating in oil and gas exploration and production, valve and pump manufacturing, nuclear, advanced engineering and aerospace industries.