Issue of Equity

TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

Issue of equity

The Board of Telit (AIM: TCM), the global wireless m2m communications developer and distributor, has agreed to allot 1,703,578 new shares of 1p each, to Sherman Capital Group LLC Defined Benefit Pension Plan ("Sherman") as full settlement of a debt in the amount of €500,000 owed by the Company to Polar Investments Ltd. ("Polar") that was assigned on 18 May 2010 to Sherman by Polar. The new shares were allotted to Sherman at a price equal to €0.2935 (approximately 25 pence per share).

Application has been made for these shares to be admitted to trading on AIM on 24 May 2010. Following the issue of the new shares, the Company's issued share capital will consist of 74,217,859 Ordinary Shares with voting rights.

For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital following the admission of the placing shares consists of 74,217,859 ordinary shares of 1 penny each with one voting right per share. There are no shares held in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

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