Replacement: Long Term Incentive Plan

The following amendment has been made to the 'Long Term Incentive Plan' announcement released on 23/04/2025 at 7am under RNS No 8267F.

The date of grant / transaction was incorrectly stated. The correct date of grant / transaction is 22 April 2025.

All other details remain unchanged.

23 April 2025

TT Electronics plc

Long Term Incentive Plan

TT Electronics plc (the "Company") announces that on 22 April 2025 it granted a conditional award over ordinary shares of 25p each in the Company ("Shares") under the TT Electronics plc Long Term Incentive Plan 2024 to the following PDMR of the Company:

PDMR                                                                                          Number of Shares
                                                                                                      under Award

Eric Lakin - Acting Chief Executive Officer                        1,092,425*

No consideration was payable for the grant of the award.  Subject to the terms of the award it 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 2027:

·   50 per cent of the award is based on performance against compound annual rate growth rate earnings per share ("EPS") performance targets calculated on a constant currency basis.  Threshold target performance will result in 25 per cent of the Shares subject to this part of the award to vest, increasing on a straight-line basis to 100 per cent vesting of this part for the achievement of stretch target performance. The threshold and stretch targets are under consideration and will be set by the Remuneration Committee of the Board by no later than the date of the Company's 2025 AGM (30 June 2025).

·   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.

The award is subject to malus and clawback provisions.

* The number of shares under Award is based on Eric Lakin retaining the position of CEO. If he does not retain that position, the number of shares subject to the award will be reduced to that number that would have been awarded to him if he had remained as CFO.

The following notifications, made in accordance with the requirements of UK MAR, give further details.

For further information please contact:

TT Electronics plc

Eric Lakin, Acting Chief Executive Officer:                           Tel:  + 44 (0)1932 825300

Kate Moy, Head of Investor Relations                                   

MHP Communications

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