Defence equipment contract

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

29 April 2019

TP Group plc

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

Defence equipment contract

TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce that it has been awarded a contract worth approximately £16.9 million by a leading UK Defence company to provide advanced packaged equipment. The contract pricing remains subject to final verification by the MoD as part of their standard audit cycle.

Under this contract, TP Group will build a primary set of equipment to qualify and verify the system design, and then produce the first operational set. This work will start immediately at TP Group facilities across the UK and is expected to be completed in late 2021.

Phil Cartmell, Chief Executive Officer of TP Group commented:

"We are very pleased to have reached this agreement and to continue our work on strategic defence programmes.

"This broad-scope project will be delivered by our combined Technology & Engineering and Consulting & Programme Services teams using resources at various locations in the UK. This demonstrates the value and breadth of the integrated Group to work in close partnership with our major customers."

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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.