NEWS RELEASE

Issued on behalf of Flowtech Fluidpower plc

Immediate Release

Friday, 19 May 2023

FLOWTECH FLUIDPOWER PLC

("Flowtech" or "the Company")

AVAILABILITY OF DOCUMENTS

&

2023 ANNUAL GENERAL MEETING

Flowtech Fluidpower plc (AIM: FLO), the specialist full-service provider of technical fluid power products and services, confirms that the 2022 Annual report, together with the Notice convening the Company's 2023 Annual General Meeting (AGM), and form of Proxy have been sent to all shareholders yesterday (18 May 2023) by either electronic means or posted to those who have elected to receive hard copies.

AGM

The AGM will be at 10.00am on Tuesday, 13 June 2023 at the Group's Headquarters, Flowtech Fluidpower plc, Bollin House, Bollin Walk, Wilmslow Cheshire, SK9 1DP.

In order to allow shareholders to follow the proceedings of the AGM without attending in person, the Company will provide access online via the Investor Meet Company platform.  However, please note that shareholders will not be able to vote online at the AGM via the platform and are therefore requested to submit their votes via proxy, as early as possible.

Shareholders are invited to submit any questions for the Board to consider. Questions can be pre submitted ahead of the AGM either via email: [email protected] or, the Investor Meet Company Platform up until 9am the day before the meeting and can be submitted at any time during the AGM itself.

Investors can sign up to Investor Meet Company for free and add to meet Flowtech via:

https://www.investormeetcompany.com/flowtech-fluidpower-plc/register-investor

Investors who already follow Flowtech on the Investor Meet Company platform will automatically be invited.

The 2022 Annual report and Notice of Meeting are also available to view on the Company's website at www.flowtechfluidpower.com.

ENQUIRIES:

Flowtech Fluidpower plc

Russell Cash, Chief Financial Officer & Company Secretary

Tel: +44 (0) 1695 52759

Email: [email protected]

Liberum (Nominated adviser and Sole Broker)

Richard Lindley / Ben Cryer / Will King

Tel: +44 (0) 20 3100 2000

TooleyStreet Communications (IR and media relations)

Fiona Tooley

Tel: +44 (0) 7785 703523

or email: [email protected]

ABOUT FLOWTECH FLUIDPOWER PLC

Founded as Flowtech in 1983, the Flowtech Fluidpower Group is a group of specialist fluid power businesses.  Working in partnership with customers and suppliers, we deliver essential components, customer solutions and high-quality servicing support to keep global industry moving.  The business joined the AIM market in 2014.  To read more about the Group please visit www.flowtechfluidpower.com.

Segment:

What we do:

Locations:

Flowtech

Our focus

Supply of both hydraulic and pneumatic consumables, predominantly through distribution for maintenance and repair operations across all industry markets but supported by supply agreements direct to a broad range of original equipment manufacturers (OEMs)

Channels to market:

E-commerce websites, customer white label e-commerce websites, 70,000+catalogues, own and customer trade counters

Flowtech

(Skelmersdale, Leicester, Birmingham)

(Deventer)

Fluidpower

Group Solutions

Our focus

Supply specialist technical hydraulic components & systems, predominantly into OEMs and end-user channels to all industry markets, supported by supply agreements with a broad range of manufacturer brands

Channels to market:

Engineering collaboration through sales offices providing national and local coverage. In 2022 enhanced by new e-commerce capabilities

Primary Fluid Power Components (Skelmersdale)

Nelson Hi-Power

(Dublin, Cork, Dungannon)

HTL

(Ludlow)

Hydroflex

(Brussels, Rotterdam and OudBeijerland)

Derek Lane & Co

(Newton Abbot)

HES Tractec

(Gloucester)

Fluidpower

Group Services

Our focus

Bespoke design, manufacturing, commissioning, installation, and servicing of systems to manufacturers of specialised industrial and mobile hydraulic OEMs, and additionally a wide range of industrial end users.  Capital project-based revenue.

Channels to market:

In-house design and build, combined with on-site installation, servicing and support

Primary Fluid Power Systems

(Knowsley)

Branch Hydraulic Systems

(Gloucester)

HES Onsite

(Leeds, Gloucester)

Orange County

(Spennymoor)

Hi Power Transport

(Dublin, Cork, Belfast)

All the Group's divisions have overlapping product sets, allowing procurement synergies to be maximised.  The above segments are supported by centralised back-office teams based at Skelmersdale and Wilmslow sites in the UK. In total, the business employs 572 people.