TP ICAP Group PLC

Capital/Financing Update • Apr 4, 2019

National Storage Mechanism | Additional information

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RNS Number : 0586V

TP Group PLC

04 April 2019

4 April 2019

TP Group plc

("TP Group" or the "Company" or the "Group")

Space systems contract extensions

TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce that it has been awarded two contract extensions worth a combined value of c. £1.4 million to its existing work within the space engineering sector for the Ministry of Defence (MoD).

TP Group consultants are helping the MoD with requirements development and technical assurance, including product assurance, security assurance, ITT development, bid evaluation and industrial engagement. In the second workstream, our consultants will also help to acquire future systems with technical assurance, bid evaluation and negotiation with suppliers.

Both work packages will last approximately six months with options to extend for a further three months, worth £0.3 million combined.

Phil Cartmell, Chief Executive Officer of TP Group commented:

"This is another step forward in our growing space systems activity. We are delighted to be working with MoD on some of its most strategically important projects.

"We have built a team of approximately 20 technical experts with highly specialised skills in the space engineering sector over the past two years. These awards confirm our role supporting UK Government in the provision of this expertise and builds on our past work through three different previous contracts in this area."

For further information, please contact:

TP Group plc	Tel: 01753 285 810
Phil Cartmell, Chief Executive Officer
Derren Stroud, Chief Financial Officer
www.tpgroup.uk.com
Cenkos Securities plc	Tel: 020 7397 8980
Mark Connelly / Stephen Keys / Callum Davidson
www.cenkos.com
Vigo Communications	Tel: 020 7390 0230
Jeremy Garcia / Fiona Henson / Charlie Neish
www.vigocomms.com

Notes to Editors

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 AIM since July 2001.

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