TYMAN PLC

Successful Refinancing of US Private Placement Notes

Tyman plc ("Tyman" or the "Group"), a leading international supplier of engineered components and access solutions to the construction industry, has agreed to issue $75 million of innovative sustainability-linked US Private Placement Notes (the "Notes") to a large US-based institution. The Notes will be issued in April and have maturities of 7 and 10 years and an average coupon of 3.56%.

The Notes incorporate three sustainability performance targets which align with Tyman's sustainability roadmap:

1. Reduction in Tyman's Scope 1 and 2 emissions by a series of milestones, including a reduction of 50% by 2026 and carbon neutrality by 2030 (relative to 2019 baseline)

2. Submission of Tyman's Scope 3 target to the Science Based Target initiative (SBTi) for verification by February 2023

3.  Participation in CDP in 2022 and annually thereafter

This incentive mechanism results in a modest reduction or increase in the coupons depending on Tyman's performance against the targets which will be reported in its Annual Report and Accounts. This represents one of the first UK issuances of US private placement notes with a potential reduction in coupons.

Jason Ashton, Chief Financial Officer commented:

"We are delighted to have agreed this new financing, particularly with the inclusion of economic incentives for the achievement of our sustainability targets over the next ten years. The Notes will diversify and extend our financing structure and will provide additional capital to support our growth strategy."

The Notes have not been and will not be registered under the U.S. Securities ‎Act of 1933, as amended (the "Securities Act"), or the laws of any other jurisdiction. This news release ‎shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale ‎of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

15 March 2022

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Tyman (TYMN: LSE) is a leading international supplier of engineered fenestration components and access solutions to the construction industry. The company designs and manufactures products that enhance the comfort, sustainability, security, safety and aesthetics of residential homes and commercial buildings. Tyman's portfolio of leading brands serve their markets through three divisions: Tyman North America, Tyman UK & Ireland and Tyman International. Headquartered in London, the Group employs approximately 4,200 people with facilities in 16 countries worldwide. Further information is available at www.tymanplc.com.