Directorate Change and grant of options

TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

Directorate Change and grant of options

Telit Communications plc (AIM: TCM), the global wireless communications developer and distributor, announces changes to the Board of Directors and the grant of options.

Director changes

Michael Galai, Finance Director and General Counsel, will be stepping down from the Board of Directors due to an increased workload in his other commitments with immediate effect. Mr Galai will remain as VP Legal & General Counsel to the Company.

Mr. Yariv Dafna, the Company's CFO, will be appointed to the Board of Directors with immediate effect.

Mr. Dafna, aged 36, is a Certified Public Accountant (Israel). After working in the audit team of Deloitte Israel for 3 years, he joined Dai Telecom Ltd, a subsidiary of the Company, in 2003. In 2007, after holding several positions within the Telit group, he became CFO of the Company.

Mr. Dafna owns 50,000 ordinary shares of the Company, representing 0.07 per cent of the issued share capital of the Company. He also holds 450,000 options, granted to him in January 2009 and June 2010.

There are no further matters which are required to be announced with regard to this appointment under paragraph (g) of Schedule 2 of the AIM rules. 

Commenting on the board changes, Chief Executive Officer Oozi Cats said: ''I would like to thank Michael Galai for his invaluable contributions to the Board of Telit. We are pleased that he will remain with the Company as VP Legal & General Counsel. I am also pleased to welcome Yariv Dafna to the Board of Telit. He has an in depth understanding of our business having worked within the Telit Group since 2003, and has been reporting to the Board in his role as the Company and group CFO since 2007."

Grant of options

The Company announces that, on 30 June 2010, options were granted to certain directors and employees of the Company at an exercise price of 32p, being 1.5% above the closing price on the day preceding the grant and equal to the average closing price over the 20 preceding trading days. The options have a vesting schedule whereby one third will vest in each June of 2011, 2012 and 2013. The table below provides information on the options granted to directors on 30 June, including options previously granted and still existing:

For further information please visit www.telit.com or contact: