Laird

27 October 2017 Laird PLC Q3 Trading Update Improved performance continues Laird PLC today announces its trading update for the third quarter from 1 July to 30 September 2017. Unless otherwise stated the trends and figures highlighted below refer to the three months ended 30 September 2017, the third quarter of the company’s financial year, and the corresponding period for last year. Group Performance Revenue for the third quarter continued the much improved performance seen in the first half of 2017. Revenue in sterling for the third quarter grew by 19% to £245m (Q3 2016: £207m). On an organic constant currency1 basis, revenue was up 16%. Year to date, for the nine month period to 30 September, revenue increased 23% to £686m (Year to date Sept 2016: £560m). On an organic constant currency1 basis, revenue was up 12%. Full Year Guidance Within the improved organic constant currency growth rate reported in Q3, there was some benefit from the timing of public holidays in Asia and Europe, which resulted in revenue being generated earlier than usual. This timing impact, along with the stronger comparative in Q4, will result in more modest growth in the final quarter. As a result of the revenue performance, we anticipate reporting full year underlying profit before tax towards the top end of current market forecasts for 2017*. The Group’s financial position is robust and there remains significant headroom under existing debt facilities. *The current company compiled market consensus for underlying profit before tax is £63.3m, with a range from £60.0m to £65.2m. Commenting on today’s announcement Tony Quinlan, Chief Executive, said: “I am pleased with the continued improvement in underlying performance across the Group in the third quarter, which demonstrates the strengthening foundations within the business. “In what remain competitive but attractive markets, we continue our relentless focus on driving operational excellence. This has started delivering results and will remain an ongoing priority throughout Laird.” Divisional Performance Performance Materials Performance Materials revenue for the quarter was up 15% to £121m (2016: £105m) and on an organic constant currency1 basis, revenue was 13% higher. The actions taken to stabilise and improve commercial and operational performance are delivering results, with growth in all parts of the division, but particularly Precision Metals and Thermal Materials. Connected Vehicle Solutions Connected Vehicle Solutions revenue for the quarter grew 24% to £82m (2016: £66m) and on an organic constant currency1 basis, revenue was 20% higher. CVS continues to see strong demand for vehicle antenna and smart device integration products in what remains a buoyant but competitive market. Wireless and Thermal Systems Wireless and Thermal Systems revenue for the quarter was up 17% at £42m (2016: £36m) and on an organic constant currency1 basis, revenue was 17% higher. Whilst this division benefitted from a relatively weak comparative last year, there was double digit growth across Connectivity, Controls and Thermal. Notice of Full Year Results The Group will next report at its Full Year results for 2017 on Thursday 1 March 2018. Enquiries: Laird PLC MHP Communications Tony Quinlan, Chief Executive Officer Kevin Dangerfield, Chief Financial Officer Richard Harris, Head of Investor Relations Reg Hoare Tim Rowntree Ollie Hoare Tel: +44 (0)20 7468 4040 Tel: +44 (0)20 3128 8100 Forward Looking Statements This announcement contains forward-looking statements, including with respect to financial information, that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as “anticipate”, “target”, “expect”, “estimate”, “intend”, “plan”, “goal”, “believe”, “will”, “may”, “should”, “would”, “could”, “is confident”, or other words of similar meaning. Undue reliance should not be placed on any such statements because they speak only as at the date of this announcement and, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Laird’s plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. About Laird PLC: Laird is a global technology company providing systems, components and solutions that protect electronics from electromagnetic interference and heat, and that enable connectivity in missioncritical wireless applications and antennae systems. 1Organic constant currency growth is calculated by eliminating the revenue from acquisitions made for a period of twelve months from the acquisition date, and applying prior year exchange rates to convert current year revenues to GBP. The Directors believe that this measure provides investors with information regarding the underlying revenue performance of the Group as it eliminates the effect of acquisitions and the translation effect of currency exchange movements from period to period.

Financial Highlights 6 months to 30/06/2017 6 months to 30/06/2016 Change Revenue £440.5m £352.5m +25% Underlying operating profit† £29.6m £21.1m +40% Underlying profit before tax† £24.1m £16.4m +47% Underlying basic earnings per share†* 4.1p 3.5p +17% Operating cash flow† £20.8m £25.4m -18% Net debt† £175.1m £263.1m Profit before tax £19.4m £6.2m Profit after tax £14.0m £2.3m Basic earnings per share 3.3p 0.6p Interim dividend per share 1.13p 4.53p

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18th December 2015 Laird PLC Acquisition of Novero for €65million Driving the connected car Laird PLC, the global technology company, today announces the acquisition of Novero, a leading integrated vehicle connectivity systems provider, which will enhance Laird's offering of innovative wireless solutions in one of its core and fastest growing markets. Novero represents an excellent strategic fit and is complementary to Laird's existing connected vehicle activities. This is in line with Laird's strategy to invest significantly in Enterprise Internet of Things (EIoT) markets. This acquisition will place Laird as one of the leading global providers of end-to-end connectivity services both into and within the vehicle, providing the broadest portfolio of integrated connectivity solutions. Laird will acquire Novero for a total consideration of €65 million (approximately £47.1 million) from Donares Limited. Consideration will be satisfied through the issue of 3.2 million shares in Laird to the vendors of Novero, valued at €15.5 million (approximately £11.3 million) as at the close of business on 15th December 2015 and representing approximately 1.2% of Laird's enlarged share capital. The balance of the consideration will be paid in cash from Laird's existing bank facilities. Completion of the acquisition is conditional upon receiving standard regulatory approvals, which are expected within 30 days. Background on Novero Established in 2008, Novero is headquartered in Bochum, Germany with three outlying offices. It is a key supplier of integrated car connectivity with excellent hardware design and significant software development capabilities. Employing around 250 people, Novero designs and manufactures; telematics control units, wireless charging modules, USB hubs, wireless signal enhancement solutions, and software applications that manage in-car connectivity systems (see figure 1 by clicking on the hyperlink below). Together, these technologies enable telematics services including vehicle tracking for fleet management, driver behaviour monitoring, eCall emergency services, insurance tracking, vehicle diagnostics and vehicle remote control. The Volkswagen Group including its VW, Audi, Bentley and Skoda marques is a major customer. Other customers include many other leading automobile and heavy truck manufacturers such as BMW, DAF, Jaguar Land Rover, MAN, Mercedes-Benz, and Ford. Novero reported revenues of €83.7 million (£67.5 million), EBITDA of €8.4 million (£6.8 million) and PBT of €1.3 million (£1.0 million), and held gross assets of €60.3 million (£47.0 million) for the year ended 31 December 2014. During the year ending 31 December 2015, revenues are expected to be lower than in 2014 following delays to certain contracts which have impacted profitability. We have identified a clear action plan which will improve the performance. Overall we expect the acquisition of Novero to add around £5 million to underlying Group PBT in 2016. For 2017 and beyond, we expect to deliver growth at industry margins. Benefits of the acquisition Novero will be integrated into the Laird operating model, combining Laird's existing Telematics capabilities to form a new business unit within the Wireless Systems segment. The integration of Novero and the recently acquired LS Research (LSR) is a continuation of our business and market diversification strategy and will mean that our Wireless Systems business will now be of a similar scale to Performance Materials. The new business unit will realise the benefits and opportunities of our combined technology, products, services and routes to market. It is anticipated that the integrated business unit will: · Increase our global market share in the automotive, transportation and heavy equipment market and strengthen our relationships with all the major OEMs · Offer a full end-to-end connectivity solution, with a highly capable software platform for value-added services that strengthens Laird's position as the premier supplier of Smart Antennae · Provide additional technologies within the vehicle that enable; full telematics control, enhanced signal quality, over the air software updates, and the ability to integrate consumer electronics · Increase our service offering with Electro-Magnetic Compatibility (EMC) testing facilities that can be used internally and also offered to customers · Deliver technological synergies through sharing best practices and resources within the enlarged group, and avoid duplicated R&D costs · Drive cost synergies through optimising manufacturing and testing facilities and the enhanced purchasing power of the combined businesses · Further drive our differentiation principles of innovation, reliable fulfilment and speed David Lockwood, Chief Executive commented "With over 250 million connected cars predicted to be on the road in the next five years; continuous and seamless connectivity for passengers, their vehicles and roadside infrastructure are becoming the expected standard. As the vehicle becomes the hub for communications and technology, this is a very exciting opportunity for Laird. This acquisition brings together complementary skills and outstanding technologies and underpins Laird's market strategy of providing complete vehicle connectivity solutions, creating a unique position in the connected car market. We are confident that the combined business will deliver an enhanced customer proposition in this fast growing market and deliver good value for our shareholders. Both this and the recently announced acquisition of LSR deliver on our strategy and strengthen our capabilities in Wireless Systems. LSR added new technologies and a range of new EIoT markets, Novero takes us to a leadership position in automotive connectivity, a key market for the EIoT." A conference call will be hosted by David Lockwood at 09.30 GMT today to discuss this acquisition in more detail: London: +44(0)20 3427 1904 New York: +1212 444 0895 Frankfurt: +49(0)69 2222 10627 Confirmation code: 2238470 Zurich: +41(0)43 547 8000 Copenhagen: +4538 48 75 13 Note to editors: About Laird PLC Laird is a global technology company providing systems, components and solutions that protect electronics from electromagnetic interference and heat, and that enable connectivity in mission-critical wireless applications and antennae systems. Laird is a global leader in the field of innovative RF engineering. www.laird-plc.com About Novero Headquartered in Bochum, Germany, Novero operates under the motto "Integrated car connectivity systems, that's our core competence" Since its establishment through a management buyout from Nokia's automotive business in 2008, Novero has delivered car and vehicle connectivity solutions to the biggest global automotive and heavy truck manufacturers, including the Volkswagen Group, BMW, Mercedes-Benz and MAN. Novero has extensive capabilities and expertise in hands-free telephony, wireless charging, antenna coupling, multimedia connectivity, signal enhancement (patented COMPENSER®), smart phone integration, Wi-Fi rolling hotspot, firmware over the air software updates through the Novero Gateway (which enables it to update its own software and the software of other electronic control units (ECUs) within the vehicle) and telematics (including vehicle diagnostics, remote vehicle control, driver statistics, insurance telematics, theft protection and vehicle tracking). www.novero.com Enquiries: Laird PLC MHP Communications Lucie Harwood Head of Treasury and Investor Relations Reg Hoare Tim Rowntree Jamie Ricketts Ollie Hoare Tel: +44 (0)20 7468 4040 Tel: +44 (0)20 3128 8100