Grant of Options

Telit Communications PLC

("Telit" or "the Company" or "the Group")

Amendment to Grant of Options

Telit announces that, on 19 March 2013, the Remuneration Committee of the Board resolved to amend the terms of certain options previously granted to Yosi Fait, the Company's Finance Director. On 23 September 2011, Telit announced, inter alia, that it had approved, under the term of the Company's Unapproved Share Option Plan, the grant of an option to Mr Fait over 600,000 shares in the Company, at an exercise price of 80p, conditional upon the Company successfully completing a public fundraising on a major stock exchange, and immediately subsequent to the completion of such fundraising (the "Award").

The Remuneration Committee has now resolved to amend the terms of the Award, such that the Award is no longer conditional on the Company successfully completing a public fundraising on a major stock exchange. The terms of the Award are now, therefore, such that Mr Fait enjoys an option over 600,000 shares in the Company, at an exercise price of 80p, with a three year vesting schedule starting on 19 September 2011, whereby one third will vest on each anniversary of the grant. The Award will expire, to the extent unexercised, on 19 September 2016.

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