Interim Management Statement

2 May 2014

Laird PLC

Interim Management Statement

Laird PLC today announces its Interim Management Statement for the period from 1 January 2014 to 2 May 2014. Laird is a global technology company focused on providing components and solutions that protect electronic devices from electromagnetic interference and heat, and that enable connectivity through wireless applications and antennae systems.

Trading since the start of the year has been in-line with expectations with revenue in the first quarter, on an organic* basis, being 7% higher than the first quarter of 2013.

Revenue expressed in US dollars was $199 million (2013: $186 million). In sterling, revenue was £120 million (2013: £119 million), 1% higher than prior year.

David Lockwood, Chief Executive of Laird, said:

"2014 has started well, and as we had expected. We have benefited from actions we have taken over the last 18 months and the anticipated improvement in the markets we serve.

Our strategic progress continues to underpin our confidence for 2014 and beyond. Much strengthened account management is delivering further opportunities to develop and win customer mindshare. We continue to focus on innovation, which is increasingly integrated within our customers' development plans, as we offer more comprehensive solutions through collaboration across our business.

As previously stated we expect performance for the year to be second half weighted as in 2013, as new contracts commence, capacity is commissioned and as products are launched later in the year. Our expectations for the year remain unchanged."

Performance Materials Division

Revenue in the Performance Materials division was 8% higher than the first quarter of 2013 on an organic* basis.

Revenue expressed in US dollars was $122 million (2013: $114 million). In sterling, revenue was 1% higher than last year at £74 million (2013: £73 million). Ongoing customer diversification has generated growth in the quarter with revenue from our largest customer flat year-on-year.

Trading in this business has been stronger compared to the same period last year. Demand for portable electronic devices in the smartphone and gaming markets has continued to be strong, more than offsetting the position on tablets which continues to be challenging with less innovation in the market leading to share reduction and price pressure.

We have some visibility of new products to be launched by our customers later in the year which underpins our confidence for growth in this business in 2014.

The expansion of the telecom market for the deployment of LTE/4G, particularly with the Asian network providers, has led to good levels of demand across our Thermal and EMI businesses in the first quarter of the year.

Strategic progress to further penetrate Korea will bring benefits from the second quarter onwards, as our Korean Design Centre and Vietnamese production facility come on stream, and as we broaden our customer base and product offering with the new design prototyping capability brought by the Model Solution acquisition, which was announced on 15 April.

Wireless Systems Division

Revenue in the Wireless Systems division was 5% higher than the first quarter of 2013 on an organic* basis.

Revenue expressed in US dollars was $77 million (2013: $73 million). In sterling, revenue in the first quarter was 2% lower at £46 million (2013: £47 million).

We have made good progress in the first quarter in our Telematics/M2M business and have secured a new contract, to supply M2M GPS technology for tracking solutions to be deployed in North and South America. This contract will commence towards the end of the fourth quarter of this year, supplementing revenue increases from LTE/MIMO and GPSM product launches for North American OEMs and will contribute more meaningfully to growth in 2015. Bluetooth sales have grown compared to last year as a direct result of a product line refresh in 2013.

Our Wireless Automation and Control Solutions (WACS) business has started the year well and will benefit from a significant contract win in Europe as well as strength in the North American rail market. The launch of a new operator control product for the rail industry should bring additional revenues later in the year.

The increased demand for data by consumers is driving more data connectivity requirements and our Infrastructure Antennae business has seen the benefit of this through the demand for antennae installations for the LTE/4G roll-out in the telecom market.

Strong Balance Sheet

We have the financial resources to continue to increase our investment in R&D as well as to expand our production footprint in 2014. Our balance sheet remains strong and we have the capacity to take advantage of both organic and further inorganic growth investment opportunities.

Board

 As previously announced, Dr Martin Read CBE will, immediately following the conclusion of today's Annual General Meeting, succeed Nigel Keen as Chairman of Laird PLC. The Board are extremely grateful to Nigel for the considerable service he has given to Laird, over many years.

* Organic growth: On a pro-forma basis, restating prior year comparatives as if acquisitions were owned for the equivalent

period of the prior year, and in US Dollars.

A call for Analysts and Investors will be held at 08:30am (UK time), hosted by David Lockwood and

Jonathan Silver. Participant Tel No: +44 (0)20 3139 4830. Participant passcode: 85938297#.

Replay: +44 (0)20 3426 2807. Passcode: 647452#