TANFIELD GROUP PLC

M&A Activity • Jul 11, 2014

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RNS Number : 0648M

Tanfield Group PLC

11 July 2014

Tanfield Group plc

("Tanfield" or the "Group")

Investment Update

The Tanfield Group plc Board is pleased to announce that Smith Electric Vehicles US ('Smith'), one of Tanfield's investments has acquired for consideration of $340,000 a shareholding of 85.3% in American Business Services Inc.  This is a company listed on the OTCBB in the USA. This is the first step in the process of Smith becoming a publicly listed company on the OTCBB as set out in the announcement of 20 May 2014.

For further information:

Tanfield Group Plc

Roy Stanley - Non-executive Director      0845 155 7755

WH Ireland Limited

James Joyce / Nick Field                             0207 220 1666

This information is provided by RNS

The company news service from the London Stock Exchange

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