4 January 2011

TANFIELD GROUP PLC

 ("Tanfield" or the "Company")

Completion - Sale of Business Assets of Smith Electric Vehicles UK

As notified in the RNS announcement on 23 December 2010, the Sale of the Business Assets of Smith Electric Vehicles UK was successfully completed on 1 January 2011. Please refer to the earlier announcement for details on the transaction.

Further information:

Tanfield Group plc                                                                                                         0845 155 7755

Darren Kell / Charles Brooks

Arbuthnot Securities Limited (NOMAD and Broker)                                        020 7012 2000

James Steel / Edward Gay