Regional Growth Fund Award

14 April 2014

Hayward Tyler Group plc

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

Regional Growth Fund Award

The Directors of Hayward Tyler (AIM:HAYT), the specialist engineering group, are pleased to announce that the Company has been named as one of the 50 conditional recipients of the Government's £300 million Regional Growth Fund Round 5 announced by the Deputy Prime Minister Nick Clegg on 10 April 2014.

The Company will provide a fuller update as and when the offer has been formally accepted, which it anticipates to be in July, and expects the funding - potentially up to £3.8 million - to be used to expand its existing manufacturing and R&D facilities in Luton, as well as create a global 'Centre of Excellence' in Luton for designing mission critical motor and pump technology for the civil nuclear and oil & gas markets.

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

"This is a significant development for the Company as it will allow us to 'future-proof' the Group's main manufacturing facility which in turn will enable us to continue growing our core markets and fully participate in the anticipated growth of the UK Civil Nuclear market. Further, the terms of the Grant will not necessitate us to seek additional funding from investors."

A full copy of the Government announcement can be viewed at https://www.gov.uk/government/news/regional-growth-fund-round-5-funding-announced-by-nick-clegg

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