Interim Management Statement

4 May 2012

Laird PLC

Interim Management Statement

Laird PLC today announces its Interim Management Statement for the period from 1 January 2012 to 4 May 2012. 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.

The challenging environment we experienced in the second half of last year, which we referred to in our Preliminary results announcement in March, has continued in the first quarter of 2012. However for the remainder of 2012 we have good reason to expect a more positive trend and the return of a seasonal uplift as the year progresses.

We are therefore putting in place an expansion of capacity to support the strong demand expected from smartphones and tablets, which will have a beneficial impact in the latter half of 2012 and 2013 in particular and we anticipate that 2012 will progress in line with our expectations as new products are launched and brought to market.

Revenue in the first quarter from continuing businesses (Performance Materials and Wireless Systems) was £122 million (2011: £120 million), up 2% on the prior year and in line with our expectations. Revenue expressed in US Dollars was $191 million (2011: $192 million). On an organic* basis, revenue was 4% lower in the first quarter of 2012 against a strong comparative in 2011.

Underlying operating margin in the quarter from continuing businesses was higher than in the comparable period in 2011 owing to improvements in efficiency and product mix and is consistent with our expectations for future margin development.

Performance Materials Division

In the Performance Materials division, revenue in the first quarter was £74 million (2011: £73 million). Expressed in US dollars, revenue was $115 million (2011: $117 million). Compared to the first quarter of 2011 revenue for the division on an organic* basis was 5% lower.

We expect increasing demand for our EMI shielding products used in smartphones and tablets, and have invested in additional capacity which will come on stream later in the year. We have yet to see an uptick in our other EMI product segments. Our thermal solutions business, where we provide active and passive cooling solutions, has seen weaker demand year-on-year as a result of the slowdown from telecoms and also in the IT market, where the supply chain problems caused by the Thai floods are still prevalent. Revenues in our Signal Integrity Products business were in line with the previous year's performance.

Wireless Systems Division

In our Wireless Systems division, revenue in the first quarter was £48 million (2011: £47 million). Expressed in US dollars, revenue was $76 million (2011: $75 million). Compared to the first quarter of 2011, revenue for the division on an organic* basis was 1% lower but the new product introductions scheduled for the remainder of 2012 are expected to contribute to year-on-year growth in this division.

Revenue from the telematics antennae and M2M communications systems we supply to the transportation markets has been lower than in the same period of 2011, when volumes were particularly high as a result of the inventory replenishment in the US auto market. Our Wireless Automation and Control Solutions have continued at a similar level to last year led by the ongoing demand for our wireless control solutions used within railroads, industrial handling and mining. Revenue from our Infrastructure Antennae systems business has increased on the prior year as a result of better demand for our antennae used within portable devices such as gaming consoles.

Discontinued Businesses

Revenue in the first quarter from the discontinued Handset Antennae business (discontinued businesses) was £12 million (2011: £25 million). Expressed in US dollars, revenue was $19 million (2011: $39 million). The disposal of this business remains subject to regulatory approval, as stated in our 9 March announcement.

Board changes and Chief Executive appointment

As previously announced Andrew Robb, Chairman of the Audit Committee, and Dr Bill Spivey will retire from the Board of Laird following today's AGM. Paula Bell will succeed Andrew Robb as Chair of the Audit Committee.

We have made good progress in the search for a new Chief Executive and expect that an announcement will be made over the coming weeks.

Financial Position

We remain focused on strong cash generation, whilst remaining flexible in providing necessary capacity to Laird's operations as market conditions improve.

Net debt rose in the first quarter as a result of acquisition spend on MMG and Summit Data communications as set out in the Preliminary results announcement.

Outlook

With the additional capacity we are putting in place to meet our customers' requirements, we are well placed to benefit from the structural growth forecast for our end markets.

Despite the prevailing macro-economic uncertainty, we anticipate that 2012 will progress in line with our expectations and are confident we have the right product offering in place to deliver on our medium to long-term targets.

* 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 8:30am (UK time), hosted by Nigel Keen and

Jonathan Silver. Participant Tel No: +44(0)20 3140 0668 / Participant passcode: 777145#.

Replay: +44(0)20 3140 0698 / Passcode: 384392#

An Investor webinar event will be hosted at 3pm (UK time) on 8 May, giving further detail on our

products and the value they add. Registration and further details can be found at: www.laird-plc.com