TIDMOPE

Optare PLC

23 May 2014

Optare plc

("Optare" or the "Company")

OPTARE UNVEILS THE METRODECKER AT LONDON'S TRANSPORT MUSEUM

On 21(st) May, 2014 Optare Plc launched the MetroDecker, its new double decker bus at the Transport Museum in Covent Garden, London. The launch was led by the Minister of State for Transport, Baroness Kramer, Cabinet Office Minister Oliver Letwin and Ministers of State at the Department for Energy and Climate Change Gregory Barker and Baroness Verma, Nirj Deva, MEP for South of England, and London's Deputy Mayor for Transport Isabel Dedring. Leading members of the business community local and international media and representatives from the diplomatic community also attended the launch.

The new MetroDecker shares a common platform with its single deck siblings and has been designed with the dual purpose of improved fuel economy and increased customer comfort.

The MetroDecker is the second of a series of products specifically developed for the London market the first being the MetroCity. Speaking at the occasion, Mr. G. P. Hinduja, Co-Chairman of the Hinduja Group said, "We are extremely proud that Optare is transforming itself in to a truly international company, with the able support of Ashok Leyland, our group flagship that carries over 100 million people on its buses everyday. In the first phase, Ashok Leyland invested heavily in upgrading Optare's capabilities by consolidating production in an all-new manufacturing facility in Leeds. As part of the second phase, Ashok Leyland is supporting the development of a new series of products that will open more markets for Optare - the MetroDecker is a critical product in this new series. We will continue to invest in and make Optare a premium urban bus brand globally."

Enrico Vassallo, CEO of Optarepraised the Metro Decker Bus as it represented an evolution of Optare design and quality standards' and excellence.

For further information please contact:

   Optare plc                               Tel: 08434 873 200

Garry Booth

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

Stephen Keys/Camilla Hume

This information is provided by RNS

The company news service from the London Stock Exchange

END

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