Exercise of Options

18 March 2011

Tricorn Group plc ("the Company")

Exercise of Options

Application has been made for the admission to trading on AIM of 25,000 new ordinary shares of 10p each in the Company ("Shares") pursuant to an exercise of options. The new share shall rank pari passu in all respects with the Company's existing ordinary shares and dealings are expected to commence on 23 March 2011, at which time the Company shall have 32,170,000 Shares in issue each with voting rights (which number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules). The Company holds a further 875,000 Shares in Treasury.

Tricorn Group plc 01684 569 956

Mike Welburn, Chief Executive

Phil Lee, Group Finance Director

Arbuthnot Securities Limited 020 7012 2000

Tom Griffiths

Ed Groome

END