10 October 2017

Tricorn Group Plc 

("Tricorn" or the "Group")

Trading Update

Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist, provides the following trading update for the six months ended 30 September 2017 (the "period").

First half revenue is expected to be around 25 per cent. higher than in the six months ended 30 September 2016 (the "corresponding period") with both of the Group's divisions benefitting from improved markets and the impact of new business wins.

Good progress has also been made in China with the Group's joint venture contributing positively to overall profitability in the period.

The Board expects adjusted PBT* for the period to be in line with its expectations and that the results for the year ending 31 March 2018 will be in line with market expectations.

Tricorn will provide a further update on current trading and prospects at the time of the release of its unaudited interim results for the six months ended 30 September 2017, which is expected to be on 6 December 2017.

*All references to PBT are before restructuring costs, intangible asset amortisation, share based charges, foreign exchange derivative valuation.

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Notes to Editors:

Tricorn is a value added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy and Transportation sectors.

Headquartered in Malvern, UK, Tricorn employs around 300 employees, has 4 manufacturing facilities in China, USA and UK. It operates through four brands: Franklin Tubular Products, Malvern Tubular Components, Maxpower Automotive and Minguang-Tricorn Tubular Products.