Company Announcements

9 January 2023

TT Electronics plc

NED Appointments

TT Electronics plc ("TT", "the Company"), a global provider of engineered electronics for performance critical applications, today announces that Wendy McMillan and Michael ("Mick") Ord will join the Board as Non-Executive Directors on 16 January 2023.  Both will serve on the Nominations Committee, Wendy on the Audit Committee and Mick on the Remuneration Committee.

Wendy McMillan is Chief Executive of the Safety Sector at Halma plc, and a member of its Executive Committee. Wendy has previously held executive positions at Dyson, BT plc and Bain & Company. She has an MBA from INSEAD and an M.Eng in Engineering, Economics and Management from Oxford University.

Mick Ord is Group Chief Executive of Chemring Group plc. Mick has previously held senior positions at BAE Systems plc, GKN Aerospace and the Royal Navy. He is a Chartered Engineer and holds a B.Eng (Hons) in Aeronautical Systems Engineering from Plymouth University.

Commenting on the announcement, the Company's Chairman, Warren Tucker, said: "The Board carefully considered its composition and future succession needs and as a result, we are delighted to welcome Wendy and Mick to TT. I am sure their experience will be invaluable as we execute our organic growth plan and our strategic development."

The Company confirms that there is no further information to be disclosed under the requirements of Listing Rule 9.6.13R in relation to either of these appointments.

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance critical applications.

The company operates in industries where there are structural growth drivers, working with market-leading customers primarily in the industrial, medical, aerospace and defence sectors. Products designed and manufactured include sensors, power management devices and connectivity solutions. TT has design and manufacturing facilities in the UK, US, Sweden and Asia.

The company has three divisions. The Power and Connectivity division designs and manufactures power application products and connectivity devices which enable the capture and wireless transfer of data. We collaborate with our customers to develop innovative solutions to optimise their electronic systems. The Global Manufacturing Solutions division provides manufacturing services and engineering solutions for our product divisions and to customers that often require a lower volume and higher mix of different products. We manufacture complex integrated product assemblies for our customers and provide engineering services including designing testing solutions and value-engineering. The Sensors and Specialist Components division works with customers to develop standard and customised solutions including sensors and power management devices. Our solutions improve the precision, speed and reliability of critical aspects of our customers' applications.

Notes

Halma plc is a FTSE 100 business that is a global group of life-saving technology companies.  The group comprises around 45 companies that provide innovative products and services that help solve many of the key problems facing the world today.  At the time of this announcement, the company has a market capitalisation of circa £7.6 billion and turnover of circa £1.5 billion.

Chemring Group plc is a FTSE 250 manufacturer of advanced technology products and services to the aerospace, defence and security markets.  At the time of this announcement, the company has a market capitalisation of circa £900 million and turnover of circa £443 million.