Tanfield Group plc (the "Company")

New Bank Facility

The Company announces that its wholly owned subsidiary, Snorkel International Inc., has agreed a five year revolving credit facility of up to $35 million with JP Morgan Chase Bank NA ("Chase") secured over Snorkel's assets. The facility will bear an interest rate of the greater of prime rate of interest announced by Chase and the Federal Fund's effective rate plus 0.5 per cent., subject to a cap of 5.25 per cent and a floor of 3.67 per cent..

For further information: 

The Tanfield Group Plc  Tel: +44(0)845 1557 755 

Darren Kell, Chief Executive 

Fishburn Hedges Tel: +44(0)20 7839 4321 

Morgan Bone 

Cenkos Securities plc  Tel: +44(0)20 7397 8900 

Stephen Keys 

St. Helen's Capital plc Tel: +44(0)20 7628 5582 

Ruari McGirr