Tennant Company Confirms PrimeStone Capital LLP Stake in Company

December 13, 2017

MINNEAPOLIS–(BUSINESS WIRE)–Tennant Company is aware of the Schedule 13D filed by PrimeStone Capital
with the Securities and Exchange Commission this morning. Tennant
welcomes the views of all its shareholders and always considers their
thoughts on the Company’s business and strategy. Likewise, Tennant’s
board and management team remain supportive of the Company’s strategic
growth plan, which continues to deliver sustainable value for our
shareholders. The Company and its Board of Directors will carefully
evaluate PrimeStone’s views and look forward to discussing with all our
shareholders our core strategy to continue driving earnings growth and
shareholder value going forward.

Company Profile
Founded in
1870, Tennant Company (TNC), headquartered in Minneapolis, Minnesota, is
a world leader in designing, manufacturing and marketing solutions that
empower customers to achieve quality cleaning performance, significantly
reduce their environmental impact and help create a cleaner, safer,
healthier world. Its products include equipment for maintaining surfaces
in industrial, commercial and outdoor environments; detergent-free and
other sustainable cleaning technologies; cleaning tools and supplies;
and coatings for protecting, repairing and upgrading surfaces. Tennant's
global field service network is the most extensive in the industry.
Tennant Company had sales of $0.8 billion in 2016 and has approximately
3,200 employees. Tennant acquired IPC Group in April of 2017. IPC Group,
headquartered in Italy, had sales of $0.2 billion in 2016 and has
approximately 1,100 employees. Tennant has manufacturing operations
throughout the world; and sells products directly in 15 countries and
through distributors in more than 100 countries. For more information,
visit www.tennantco.com
and www.ipcworldwide.com.
The Tennant Company logo and other trademarks designated with the symbol
“®” are trademarks of Tennant Company registered in the United States
and/or other countries.