Turbo Power Systems : Result of AGM

Turbo Power Systems

TURBO POWER SYSTEMS

Press Release

26 May 2016

Turbo Power Systems Inc. ("TPS" or the "Company") Result of AGM

The Company announces that, at its Annual General Meeting held today, all resolutions were duly passed.

For further information, please contact:

Turbo Power Systems	Tel: +44 (0)191 482 9200
Carlos Neves, Chief Executive Officer Charles Rendell, Chief Financial Officer
Kreab (financial public relations)	Tel: +44 (0)20 7074 1800
Robert Speed
finnCap (NOMAD, broker and financial advisor)	Tel: +44 (0)20 7220 0500
Ed Frisby, Emily Watts

Notes to Editors

About Turbo Power Systems

Company Website: www.turbopowersystems.com Company Twitter: https://twitter.com/turbopowersys

Turbo Power Systems Inc. (AIM: TPS.L) is a leading UK based designer and manufacturer of innovative power solutions. TPS's products are all based on its core technologies of high speed motors and generators and power electronics which are sold into a number of market sectors including transport, industrial, energy and defence sectors. The Company's products provide high performance while improving efficiency and reducing process energy consumption compared to existing technologies.

Turbo Power System's existing customers include blue chip companies such as Bombardier Transportation, Daikin Applied and Eaton Aerospace. Tao Sustainable Power Solutions (UK) Ltd ("TAO UK"), which is a wholly owned subsidiary of Vale S.A., Brazil's largest mining company, owns 89.4% of the issued share capital of the Company.

Forward looking statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, or performance, and underlying assumptions and other statements that are other than statement of historical fact. These statements are subject to uncertainties and risks including, but not limited to, the ability to meet on- going capital needs, product and service demand and acceptance, changes in technology, economic

conditions, the impact of competition, the need to protect proprietary rights to technology, government regulation, and other risks defined in this document and in statements filed from time to time with the applicable securities regulatory authorities.

Notice of no auditor review of interim financial statements

Under Canadian National Instrument 51-102, Part 4, subsection 4.3(3(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.

The accompanying un-audited interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.

The Company's independent auditor has not performed a review of these financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of interim financial statements by an entity's auditor.