Turbo Power Systems

TURBO POWER SYSTEMS

Press Release

24 June 2016 Turbo Power Systems Inc ("TPS" or the "Company") Board Changes

TPS, the innovative high-speed electrical machines and power electronic systems provider, announces that Mr Alexandre Aigner, Non-Executive Director of the Company and appointed representative of TAO Sustainable Power Solutions (UK) Limited ("TAO"), has resigned from his role with immediate effect, after having resigned from his last position within the Vale SA group, the ultimate parent company of TAO, the Company's majority shareholder.

The Board intends to appoint a replacement director and further announcements will be made in due course.

For further information, please contact:

Turbo Power Systems

Carlos Neves, Chief Executive Officer

Charles Rendell, Chief Financial Officer Tel: +44 (0)191 482 9200

finnCap (NOMAD, broker and financial advisor)

Ed Frisby, Emily Watts Tel: +44 (0)20 7220 0500

Kreab (financial public relations)

Robert Speed Tel: +44 (0)20 7074 1800

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Turbo Power Systems Inc. published this content on 24 June 2016 and is solely responsible for the information contained herein.
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