TPG secures BAE Systems contract

29 November 2016

This announcement contains inside information

TP Group plc

("TP Group" or the "Company")

TPG secures BAE Systems contract

TP Group (AIM: TPG), the specialist services and engineering group, announces it has been awarded a contract with BAE Systems Marine Ltd. for £5.3m.

The contract commences immediately and will be delivered over the next two years by the Group's engineering team in Portsmouth. This contract is in addition to the two previous announcements made in July and August this year, regarding sole-source negotiations that are now in progress for future contracts involving the MoD and TP Group.

Phil Cartmell, Chief Executive of TP Group commented: "We are delighted to have secured another contract with BAE Systems Marine Ltd as we have a long history of working with them on naval programmes. We look forward to working together to deliver this project."

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NOTES TO EDITORS

TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global markets. TP Group designs and develops advanced technologies; engineers complex equipment and systems; and provides support throughout their operational life. The Company's shares have been traded on the AIM market since July 2001.