Specialist Energy Group PLC : Pre-close statement and preliminary results publication date

23 January 2013 Specialist Energy Group plc ("SEGR", the "Company" or "Group") Pre-close statement and preliminary results publication date

The Directors of Specialist Energy Group plc (AIM: SEGR), the specialist engineering group whose main operating business is Hayward Tyler Group Limited ("Hayward Tyler"), are pleased to announce that Hayward Tyler ended the year with an order intake of £34.5 million for 2012, a near 10% increase over
2011.
The Directors are also pleased to report a strong second half performance as anticipated with a significant improvement on H1 profit before tax as a result of the steps taken during 2012 to improve operational efficiencies, significantly strengthen the balance sheet, reduce net debt and expand market penetration. Consequently the Company has performed in line with management expectations for the full year at both the revenue and profit before tax levels (for the underlying business). Fully diluted earnings per share is expected to be ahead of current expectations.
During the year, notable growth has been experienced in the international oil and gas markets where it has seen orders valued at nearly £7 million for its range of seawater lift and firewater pumps and the power generation markets where it has secured multiple orders from India and China for its boiler circulating pumps which continue to be installed into both new and existing conventional power stations across the two regions. Since the year-end, the trend has continued with Hayward Tyler winning a further new order from India valued at £0.8 million from BHEL, India's largest boiler provider.
Additionally, the Directors are pleased to note the wider operational benefits from McNally Bharat's ("MBE") investment into SEGR are now coming into effect with the first pump case sub-assembly from MBE's Cologne based heavy machine shop now delivered and further units currently being machined.
Ewan Lloyd-Baker, CEO of SEGR, commented:
"Significant steps have been taken over the last twelve months to improve the operational
efficiencies within our core manufacturing activity so that we can better leverage Hayward Tyler's
growing international order book. As a consequence, we are now seeing a genuine momentum within Hayward Tyler which the Board believes will be healthily reflected in our full year results.
Hayward Tyler has a global reputation within the power generation and oil and gas markets for being a market leader in the design, engineering, supply and servicing of mission critical motors and pumps - we now are looking to capitalise fully on that market position in the coming year."
Specialist Energy Group expects to publish its unaudited preliminary results for the year ended 31
December on or around the week ending 1 March 2013. On 29 January a General Meeting of
Shareholders is being held to vote on the proposed change of name for the Company to Hayward Tyler
Group Plc.

Enquiries:

Specialist Energy Group plc Ewan Lloyd-Baker, Chief Executive Officer Nicholas Flanagan, Chief Financial Officer	Tel: [phone]
Akur Ltd - Corporate Finance adviser David Shapton Tom Frost	Tel: [phone]
FinnCap Limited - NOMAD & Broker Marc Young / Ben Thompson - Corporate Finance Tom Jenkins - Corporate Broking	Tel: [phone]
GTH Communications Limited Toby Hall Suzanne Johnson Walsh	Tel: [phone] 7493/7492