Luton Expansion Update and New Contract Wins

30 July 2015

Hayward Tyler Group plc

("Hayward Tyler", the "Company" or "Group")

Luton Expansion Update and New Contract Wins

Further to the announcement of 30 January 2015, the Directors of Hayward Tyler Group plc (AIM: HAYT.L), the specialist engineering group, are pleased to report that the second and final issue under the secured loan note programme (the "Programme") has raised approximately £1.4 million before costs to support the on-going development of the Group's Luton Centre of Excellence.

Luton Update

During the last six months, the Company has demolished eight redundant buildings, completed the foundations for the building extension and started the construction of the test bays partly funded by the first issue under the Programme.

The development is on track and on budget and the extended facility is expected to be fully operational by July 2016. The production lines in the expanded facility are expected to increase throughput, reduce lead times, reduce working capital and enable Hayward Tyler Luton to double its capacity.

Contract Wins 

The Directors are also pleased to report that during the first quarter of the current financial year new orders of £13.5m were signed across the Nuclear, Power and Oil & Gas sectors, including an agreement with GE Oil & Gas for the supply of a subsea motor. This places order intake for Q1 of the current financial year at 14% ahead of the same quarter last year.

Ewan Lloyd-Baker, CEO of Hayward Tyler, commented:

"The expansion of our Luton operations, and the creation of a Centre of Excellence within the Group at the location, forms a central component to our on-going growth plans. We are therefore delighted by the support received from institutional and high net worth investors through the Programme. We are likewise pleased by the solid growth in order intake during the first quarter of the current financial year."

Lesmoir-Gordon, Boyle & Co. Limited, the London corporate finance and investment advisory firm, acted as arranger and placement agent in respect of the Programme. Investors include high net worth individuals and institutions.

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About Hayward Tyler Group plc

Hayward Tyler Group plc is a market leader in the design, manufacture and servicing of performance-critical motors and pumps for the harshest of environments. Core markets for the group include: oil & gas exploration - both topside and subsea; power generation - both conventional and nuclear; and the chemical/industrials sector. With facilities in the UK, US, China and India, the Group has a proven reputation for providing innovative, reliable technological solutions built on a proud heritage stretching back over 200 years. www.haywardtyler.com