Oil & Gas Contract Wins and Joint Initiative

5 September 2013

Hayward Tyler Group plc

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

Oil & Gas Contract Wins and Joint Initiative

Hayward Tyler Group plc (AIM: HAYT.L), the specialist engineering group, is delighted to announce that it has entered into a Joint Strategic Initiative ("the Agreement") with Eureka Pumps AS, a leading Norwegian pump supplier, to jointly market combined submersible pump and motor solutions up to 2MW for the offshore oil & gas exploration market. The Agreement follows the two companies jointly winning orders for 14 units for the Aasta Hansteen and Martin Linge projects in the North Sea valued at more than £3.5 million to Hayward Tyler. This will bring the number of Hayward Tyler submersible motor units installed in the North Sea to over 130.

Under the Agreement the two companies will also work together to provide combined Aftermarket services for submersible motor units with Eureka to be the sole authorised supplier of repair services and Original Equipment Manufacturer ("OEM") spares for Hayward Tyler's offshore equipment in Norwegian waters.

The Agreement does not cover the large 3MW+ SubSea motors where Hayward Tyler is already recognised as a market leader.

Ewan Lloyd Baker, CEO of Hayward Tyler, commented:

"The offshore top side pump market is anticipated to expand by 12% annually over the next 5 years with significant market opportunities existing on the North Sea's Continental Shelf as well as in Korea and Africa. We see the Agreement with Eureka as providing a key channel for further growing our presence in the topside market in the North Sea and internationally. The orders give us further confidence of achieving our forecasts for the current financial year."

Jarle Tautra, Managing Director of Eureka, said:

"We view Hayward Tyler as the market leader in the design and manufacture of submersible motors for offshore exploration with both organisations fully understanding the importance of lifecycle management. We are delighted to have entered into this OEM Agreement with Hayward Tyler."

Under the agreement, orders secured for new equipment will be manufactured at Hayward Tyler's' facilities in the UK with the aftermarket being serviced through the two companies international network of offices.

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