Tennant Announces Restructuring

Minneapolis, MN, September 27, 2007--Tennant said it will restructure its operations, laying off 60 employees, or about 2% of its work force.

As a result, the company said it will record restructuring charges of $0.09 per share, $0.08 of which will be recognized in the remainder of 2007.

Tennant also raised its 2007 earnings guidance by$0.01 to account for a tax benefit mostly offset by the restructuring charges. The company now predicts income of $1.78 to $1.86 per share, versus a previous outlook of $1.77 to $1.85 per share. Analysts earnings of $1.85 per share.

The company said the layoffs are not part of a cost-savings initiative and that the jobs will be replaced with new positions in other functional areas.

About two-thirds of the affected workers are in North America.