Isle of Man TT legend John McGuinness will compete in the Lightweight race on Honda's brand new CBR500R this year.

McGuinness will challenge for honours in the Supertwin class for the first time, with the race - held for the first time in 2012 - taking place before the flagship Senior event on Friday, June 7.

Northern Ireland's Ryan Farquhar won the inaugural Lightweight TT for Supertwin machines last June.

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McGuinness will contest the race for Phil Morris's RLR racing team, which has already begun preparing the all-new CBR500R.

The 19-times TT winner last road for the team close to a decade ago when he took back-to-back victories at the Lightweight TT on a Honda VFR400.

"It was strange sitting on the sidelines last year while the race was on, particularly as the Senior was cancelled as well," said McGuinness.

"It's an interesting class and will present different challenges to the other races but I'm looking forward to having a crack.

"The team undoubtedly has a lot to do in a short space of time to be ready but I've got every faith in them."

Team owner Phil Morris described the development as an 'exciting opportunity'.

"We got the new bike delivered last week and we've already spent time with it on the dyno," he said.

"We know we have a lot to do, but it's an exciting opportunity and John is really up for it.

"We have a great bike and the best rider so the aim is to be on the top step of the podium this year."

Kawasaki filled the top eight places last year, with Farquhar winning from James Hillier and team-mate Michael Rutter, who is expected to return on Farquhar's KMR Kawasaki machine this year.

Rutter set the fastest lap of the race at 115.554mph.

Paul Phillips, TT and Motorsport Manager, Isle of Man Government, said: "The class continues to go from strength to strength and it will undoubtedly attract more interest this year with broader manufacturer involvement.

"John's entry will also further add to the race and I'm sure he'll be going all out to add to his TT titles."