Result of Open Offer

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TP Group plc (the "Company")

Result of Open Offer

On 10 July 2017, the Company published its shareholder circular in connection with the Fundraising, including the Open Offer. The Open Offer closed for acceptances at 11.00 a.m. on 26 July 2017.

The Company announces that it has received valid acceptances from Qualifying Shareholders in respect of 28,408,820 Open Offer Shares, including applications for 12,563,795 Open Offer Shares under the Excess Application Facility. This represents approximately 47.1 per cent. of the maximum number of Open Offer Shares available under the Open Offer.

Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Basic Entitlement and any New Ordinary Shares they applied for under the Excess Application Facility.

In addition to the £20.0 million conditionally raised through the Firm Placing, the Company has therefore conditionally raised gross proceeds of approximately £1.85 million through the Open Offer. It is expected that the Admission of the 28,408,820 Open Offer Shares will become effective at 8.00 a.m. on 28 July 2017.

The Fundraising remains conditional upon, amongst other things, Shareholder approval of the Resolutions to be proposed at the General Meeting to be held later today and Admission.

Open Offer Shares (in uncertificated form) are expected to be credited to CREST accounts on 28 July 2017 and definitive share certificates for the Open Offer Shares (in certificated form) are expected to be despatched to Shareholders who hold their Ordinary Shares in certificated form by 2 August 2017.

Unless otherwise defined, capitalised terms shall have the meaning as those set out in the 'Definitions' section of the announcement issued by the Company on Monday 10 July 2017.

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