Stmnt re Share Price Movement

Tanfield Group PLC
14 January 2008

                       Tanfield Group plc (the 'Company')

                            Re: Share Price Movement

The Directors note the recent movement in the Company's share price and confirm
that they know of no reason for this.

December was a record month for Tanfield in terms of order intake and the order
book is ahead of management's expectations. The Company is enjoying a strong
start to 2008, with production capacity and output also ahead of plan.

Zero Emission Vehicles Division

The order book for the Zero Emission Vehicles (ZEV) division, including Smith
Electric Vehicles, is extremely healthy and the Directors reiterate their
confirmation that trading is in line with expectations. Production capacity has
ramped up to 30 units per week, as planned, and the Company is pleased to report
that firm orders have already been received for a significant proportion of the
market forecast production for electric vehicles for the year.

The Company did not experience any execution problems in increasing ZEV
production capacity from 10 to 30 vehicles per week and the Directors are,
therefore, confident that further capacity growth is achievable due to the
scalable production methodology now developed. The Directors remain confident
that the Company's supply chain will grow to meet this capacity. This rise
mirrors the successful ramp up of UpRight Powered Access delivered in 2007, when
the Company, and its supply chain, grew production at Vigo Centre from 20 aerial
work platforms per week to 200 per week.

Tanfield has now developed and validated lithium-ion phosphate battery packs
from a number of suppliers, providing the strong supply chain base required to
meet growing customer demand for road-going commercial electric vehicles. This
new generation technology is proving extremely reliable and robust and the
Directors believe that the added flexibility in terms of how it is packaged on
the chassis will open an even broader market for the Company's vehicles.

Powered Access Division

The traditional buying season for aerial work platforms is underway in North
America and sales are brisk. Order intake for Snorkel is significantly ahead of
the orders booked in the comparable period last year. The Directors are pleased
to report that the January order book is the highest it has been for the past
four consecutive years and that the Company has forward sold the next six
months' production capacity. This further underlines the Directors' confidence
in delivering on their growth plan for the Powered Access Division.

Sales of powered access equipment remain strong across all other key
territories, including Europe, Scandinavia, the Middle East and Asia-Pacific
regions, with the emerging markets of Eastern Europe, Russia and the Middle East
demonstrating particularly strong growth.

www.tanfieldgroup.co.uk

For further information:

The Tanfield Group Plc            Tel: [phone]
Darren Kell, Chief Executive
Charles Brooks, Finance Director

Fishburn Hedges                   Tel: [phone]
Morgan Bone/James Benjamin        Mob: [phone]
[e-mail]

Cenkos Securities plc             Tel: [phone]
Stephen Keys

St. Helen's Capital plc           Tel: [phone]
Seb Wykeham
Ruari McGirr

Notes to editors

The Tanfield Group Plc is the world's leading developer and manufacturer of
road-going commercial electric vehicles and aerial work platforms. Tanfield is
headquartered in Newcastle with operations in both the North America and EMEA
regions. It has two main divisions:

Smith Electric Vehicles, was founded in 1920 and acquired by Tanfield in October
2004. Following its acquisition, Smith is developing into a world leader in new
technology electric vans and trucks with greatly enhanced performance, speed
and range capabilities. This makes them attractive for all fleet operators in
large towns, cities and closed industrial environment. For the first time, these
fleet  operators have economically viable, zero emission alternatives to using
diesel  vans and trucks. Smith has an unrivalled UK-wide service and support
network, which already maintains over 5,000 vehicles for major fleet operators.
This core element of the business is beginning to fulfil its potential in terms
of addressing the requirements of large urban fleet operators, who want to
reduce their operational costs and more importantly, greatly reduce their carbon
footprint. Smith's airport offering is complemented by two specialist airport
vehicle sub-divisions; Jumbotugs and Norquip.

www.smithelectricvehicles.com

Powered Access, contains two of the world's most established aerial work
platform brands, UpRight Powered Access and Snorkel International. UpRight is
firmly established as the UK's biggest manufacturer of self-propelled aerial
work platforms (also known as 'cherry-pickers', 'mobile elevating work
platforms', 'aerial lifts', etc). UpRight has assembly facilities in the UK and
USA, with products sold through a strong network of over 180 independent,
full-service distributors across Europe, the Middle East and Asia-Pacific
regions. Snorkel, acquired in July 2007, has significant manufacturing
capabilities along with strong sales and distribution, in the USA and
Australasia. Tanfield has been successful in extending its powered access
product range and is now one of only three 'full line' aerial lift manufacturers
to have a significant assembly footprint in both the North America and EMEA
regions, in what is a $7bn global market.

www.upright.com / www.snorkelusa.com




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