Publication of Investor Presentation

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND ACCORDINGLY THERE CAN BE NO CERTAINTY THAT ANY TRANSACTION WILL PROCEED

Volex plc ("Volex" or the "Group")

Publication of Investor Presentation in relation to a Possible Offer for TT Electronics plc ("TT Electronics" or the "Company")

Further to the announcement on 15 November 2024 in relation to the latest cash and shares offer made by Volex for the entire issued and to be issued share capital of TT Electronics (the "Second Proposal"), Volex announces today that it has published an investor presentation (the "Presentation") in relation to the possible transaction.

The Presentation has been made available on the Volex website and highlights:

• The compelling strategic rationale for the proposed combination of Volex and TT Electronics;
• TT Electronics' historical underperformance and failure to meet its medium term targets;
• Volex's track record of profitable growth and shareholder value creation led by the current management team; and
• The merits of the highly attractive Second Proposal to both sets of shareholders.

Lord Rothschild, Executive Chairman of Volex, said:

"Since our announcement on 15 November 2024, we have engaged extensively with the top shareholders of Volex and TT Electronics. Today's presentation shines a spotlight on the compelling strategic and financial merits of a combination of Volex and TT Electronics in order to create significant value for those shareholders.

To date, the Board of TT Electronics has chosen not to engage with Volex and instead continues to focus on a standalone journey that has, since 1 January 2018, led to share price erosion of 65% prior to Volex's interest being made public, and to derive implied value from a "recently received" all-cash indicative proposal from an unidentified third party that was also dismissed and, in any case, is not presently available to TT Electronics shareholders.

Our Second Proposal is therefore the only alternative to the status quo currently available, providing a mixture of an immediate partial cash exit and future upside returns as a shareholder in the enlarged company.

We strongly encourage TT Electronics shareholders to urge their Board to engage with Volex in order to deliver an expeditious and highly attractive outcome for all shareholders."

The Presentation is or will soon be made available on Volex's possible offer microsite (subject to certain access restrictions) at the following link: https://www.volex.com/investor-relations/possible-offer-for-tt-electronics-plc/

Overseas jurisdictions

Rule 26.1 Disclosure