1 Tricorn Group plc Final Results For year ended 31st March 2013 June 2013

Highlights Significant progress in developing global capability First shipments made from China facility US acquisition provides strong platform for growth Progressive dividend policy maintained 2

3 Financial review – facilitating growth Previous strengthening of our financial position Improved operating margins Managed working capital and reduced inventories March 2012 net funds position-£586k …. has allowed significant investment in global operations US acquisition made for £1.98m (net book value of assets - £2.8m) Invested £0.69m in China facility Continued investment in ongoing capital programme.....and positioned the Group for further growth Secured invoice discounting and working capital facilities in January 2013 with HSBC Balance sheet still free of term debt ….whilst delivering on our progressive dividend policy Full year dividend increased 50% to 0.3p (2012: 0.2p)

4 Financial review-overview * - Before acquisition related costs, China start up costs, restructuring costs, intangible asset amortisation, share based payment charges, foreign exchange derivative valuation and interest collar gain. FY 2012/13 £’000 FY 2011/12 £’000 Change Revenue21,85024,706(12)% Operating profit*1,6681,771(6)% Operating profit margin %* 7.6%7.2%6% Profit before tax*1,6141,622- Earnings Per Share*4.02p3.78p8% Dividend0.3p0.2p50% Cash and equiv6972,468(72)% Net (Debt)/Funds(1,908)586(425)%

5 £’ Total Group 2013 US Acquisition 2013 Excl Acquisitions 2012Change % Total Fixed Assets4,7851,5253,2602,77772 Inventory3,8631,2662,5972,929(11) Trade & other receivables5, ,6435,823 Trade & other payables(4,143)(1,095)(3,048)(4,580) Net working capital5,3101,1184,1924,172- Taxation & other creditors(459)(542) Net (Debt)/Funds(1,908)586 Net Assets7,7286,993 Gearing (total debt/equity)24.7%- Financial review-net assets Increase in fixed assets driven by US and China investments Inventories reduced, down 11% year on year before acquisitions No term debt Gearing based on short term borrowing at 24.7%

6 414 (1,908) (548) March 2012 Net Funds Headline Operating Profit Financial review-change in net funds 586 March 2013 Net Debt (1,984) Depreciation China Investment Capital Expenditure (481) Dividends, Tax & Interest Paid (259) Other movements £000’s (692) US Acquisition 1,056 Investing for future growth

Energy & Utilities Division Sales up on previous year Operating margin significantly improved New business secured Some restructuring underway £’ Sales9,07110,691 Operating margin % PBT New business secured on large diameter fabrications Investment in semi-automated paint plant generating efficiency gains Softening in some end markets in H £’ Sales5,7685,334 Operating margin % PBT demand particularly high due to impending emissions legislation Some improvement in demand through final quarter SQEP certication award by major customer Transportation Division £’ Sales7,0118,681 Operating margin* % PBT* Aerospace Division Business Review *excluding China start up costs

US Acquisition Whitley had been producing specialist pipe systems since 1965 –Predominantly diesel engine tube systems –Blue chip OEM customer base Manufacturing facilities in Franklin NC and Plymouth IN Highly capable management team and engaged workforce in place at Franklin Key customers prepared to consider business transfer from Plymouth to Franklin Tricorn acquired the Franklin facility (60,000 sq ft), together with plant and equipment from the Plymouth facility Consideration paid of £1.98m. Net book value of £2.8m 8

US Acquisition Update Formed Franklin Tubular Products Inc. Successful completion of business and equipment transfer from Plymouth Supply chain re-established No customer disruption through the process from Franklin site Supporting infrastructure in place including IT transfer Opportunities for low cost country sourcing First new business nominations have now been awarded Strong platform for US growth 9

China Manufacturing Facility 4,500 sq m of manufacturing space Another 2,000 sq m under construction External Area fully refurbished Establishing a world class facility

China Manufacturing Update Utilises our well established supply base and resources in China Customer led: supports our customers in their localisation of supply First shipments made Nominations for supply from a wider customer base Production lines being developed Advanced stages of establishing China JV enhancing capabilities further 11

Outlook MTC LTD MAXPOWER WUXI RMDG LTD MAXPOWER LTD FTP Inc. Developing a global platform in tube solutions capability –5 manufacturing facilities on 3 continents –Around 90% of product destined for markets outside the UK Well positioned for substantial growth –Providing high quality services and products to customers through design, innovation and integrated supply Confident about future prospects