Appointment of Interim Chief Executive Officer

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6 July 2021

TP Group plc

("TP Group" or the "Company")

Appointment of Interim Chief Executive Officer

TP Group (AIM: TPG) announces the appointment of David Lindsay as Interim Chief Executive Officer.

David's immediate priority will be to provide an in-depth strategic and operational review of the business with a focus on identifying short-term as well as structural ways to significantly improve performance. There will be a particular focus on improving the margins across the business.

David has a long track record of business improvement through CEO and CFO roles in the public and private sector. He has worked with businesses in the enterprise software, engineering and technology sectors. The Company believes that this broad span of experience makes him ideally suited to this appointment.

His range of experience includes acting CEO of Industrial Control Services Plc, a services provider to the energy industry, and most recently Group CFO of EDM Group Ltd. where he oversaw material improvements in the company's financial performance. David is a Chartered Accountant and qualified Corporate Treasurer.

David commences this role with immediate effect and his appointment to the board of TP Group is expected following completion of the standard on-boarding process undertaken by the Company's nominated adviser. A further announcement will be made in due course in this regard, which shall contain all necessary disclosures pursuant to Schedule Two, paragraph (g) of the AIM Rule for Companies.

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Notes to Editors

TP Group delivers complex equipment, software and services for mission, business and safety critical applications in the defence, space and energy sectors. With more than 400 people in 6 European countries, it serves global customers through long-term contracts. The Group's shares have been traded on AIM since July 2001.