Long Term Incentive Plan

12 March 2024

TT Electronics plc

Long Term Incentive Plan

TT Electronics plc (the "Company") announces that conditional awards of ordinary shares of 25p each in the Company ("Shares") were granted on 11 March 2024 under the Long Term Incentive Plan 2014 to the following Executive Directors of the Company:

Executive Director                                                                   Maximum Number
                                                                                                      of Shares

Peter France                                                                                      543,478

Mark Hoad                                                                                          398,845

No consideration is payable for the grant of awards.  The awards will normally vest three years from the date of grant, subject to achievement of the following performance conditions which will be measured over the three years ending 31 December 2026:

·   50 per cent of the award is based on earnings per share ("EPS") performance targets calculated on a constant currency basis.  25 per cent of the Shares subject to this part of the award will vest for EPS growth of 4 per cent compound per annum, increasing on a straight-line basis to 100 per cent vesting of this part for EPS growth of 12 per cent compound per annum.

·   25 per cent of the award is based on total shareholder return performance targets against the FTSE SmallCap (excluding Investment Trusts).  25 per cent of the Shares subject to this part of the award will vest at median performance, increasing on a straight-line basis to 100 per cent vesting of this part at the upper quartile of the comparator group.

·   25 per cent of the award is based on average operating cash conversion ("cash conversion") performance targets. 25 per cent of the Shares subject to this part of the award will vest for cash conversion of 80 per cent, increasing on a straight-line basis to 100 per cent vesting of this part for cash conversion of 95 per cent.

Awards are subject to malus and clawback provisions.

The Company was informed of the above transactions on 11 March 2024. The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further details.

For further information please contact:

TT Electronics plc

Peter France, Chief Executive Officer:                                  Tel:  + 44 (0)1932 825300

Mark Hoad, Chief Financial Officer:

Kate Moy, Head of Investor Relations                                   

MHP Communications

Tim Rowntree / Ollie Hoare:                                                     Tel:  +44 (0)20 3128 8100