Turbotec Products Plc : Issue of Equity

Press Release 15 April 2013 Turbotec Products Plc

("Turbotec" or "the Company")

Issue of Equity

Turbotec Products Plc (TRBO.L), the designer and manufacturer of high performance heat exchangers and Tru-Twist® heat transfer tubing, announces that, further to the announcement of 21 January 2013, it has allotted and issued, under existing shareholder authorities, 640,338 ordinary shares of nominal value 1p each in the capital of the Company pursuant to a convertible loan agreement made between Execuzen Limited and the Company. The shares had been allotted in partial satisfaction of the outstanding liability of £132,639.45 under the agreement, at a conversion price of 17p per share. Each new ordinary share will rank pari passu with each existing fully paid ordinary share in the Company. After the issue of the new ordinary shares, the Company's total issued capital, with voting rights, will be 13,447,111 ordinary shares of 1p each.
Application has been made for the admission to trading on AIM of 640,338 ordinary shares of 1p each and admission is expected to take place on 18 April 2013.

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For further information please contact:

Turbotec Products Plc

Robert Lowe, Non Executive Chairman
[e-mail]
Sunil Raina, Managing Director
[e-mail]
[phone]
Tel: [phone] www.turbotecproducts.com
Robert Lieberman, Finance Director
[e-mail]
Tel: [phone]
www.turbotecproducts.com

Cantor Fitzgerald Europe

Mark Percy / Catherine Leftley, Corporate Finance
Paul Jewell, Corporate Broking
Tel: [phone]
www.seymourpierce.com

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Media enquiries: Abchurch Communications

Sarah Hollins / Simone Elviss Tel: [phone] www.abchurch-group.com
Electronic copies of this announcement can be obtained from the Company's website www.turbotecproducts.com.

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