Board Update

TT Electronics plc ("TT"), a global provider of engineered electronics for performance critical applications, today announces an update on its Board of Directors.

Appointment of Non-Executive Chairman

TT is pleased to announce the appointment of Phil Swash as independent Non-Executive Chairman with effect from the end of TT's Annual General Meeting to be held on 15 May 2026.

Phil is a highly experienced Chairman and CEO with a distinguished career in global engineering businesses including Airbus, BAE Systems, GKN, Latecoere and Survitec. He brings deep expertise in aerospace, defence, automotive and marine sectors. Phil is currently the Non-Executive Chairman of Survitec Group Ltd and Non-Executive Director of Cael Nova AG.

Phil's appointment follows a comprehensive search process carried out by TT's Nomination Committee, led by its Senior Independent Director, with support from external search consultancy Korn Ferry and engagement with its major shareholders. Phil has in the recent past collaborated as an industry expert with TT's largest shareholder, DBAY Advisors Limited ("DBAY"). The TT Board has undertaken due diligence into Phil's business connections to DBAY and made the judgement that Phil is independent on appointment for the purposes of the UK Corporate Governance Code.

Non-Executive Director update

After two three-year terms as Chair of the Audit Committee and more recently as Senior Independent Director, and following the appointment of a new Chairman, Anne Thorburn has informed the TT Board of her intention to stand down from the Board. She will remain on the Board in her current capacity until her successor has been recruited and has offered herself for re-election at the Company's upcoming AGM.

In addition, after completing a three-year term as a non-executive director, Mick Ord has informed the Board that he will not offer himself for re-election at the AGM to concentrate on his other business activities. The Board will seek to make additional non-executive director appointments as appropriate.

Eric Lakin, CEO said:

"I am delighted to welcome Phil to TT Electronics. He has a wealth of industry experience and he brings an in-depth knowledge of the aerospace and defence sector. He joins us at a time when we continue to execute on our strategic direction and strong platform for growth, underpinned by our four priorities of divisional realignment, cost reduction, sales transformation and portfolio optimisation".

Phil Swash, Chair Designate said:

"I believe that TT Electronics has huge potential, I am excited by the opportunity and look forward to working closely with Eric and the rest of the TT Board in contributing to the business and its growth strategy."

Warren Tucker, Chair said:

"Since Covid TT and the Board have been required to navigate a number of challenges; Mick and Anne have been pivotal in doing so and have worked relentlessly to use their expertise, business experience and judgement to help put TT in the best possible position to succeed. On behalf of the Board and the Company, I would like to express our huge gratitude for their service, and also thank Anne for agreeing to remain until her successor has been recruited".

There are no further disclosures required in respect of this announcement under UKLR.6.4.8.