Trading Update

8 May 2015

Laird PLC

Q1 Trading Update

Laird PLC ("Laird", LRD.L), a global leader in wireless connectivity and radio frequency ("RF") engineering, is today issuing a trading update for the first quarter of 2015.

Financial Performance

Trading was in line with the Board's expectations, with revenue in sterling for the first quarter growing by 24% to £149 million (Q1 2014: £120 million). In US$, first quarter revenue was $226 million (Q1 2014: $199 million), benefiting a little from pent up demand originally scheduled for the end of last year. On an organic1 basis, measured in constant currency, US$ revenue grew 11%.

Operational Review

Performance Materials

Revenue for Performance Materials grew 31% to £97 million (Q1 2014: £74 million), including the contribution from Model Solution, which was acquired in April 2014. In US$, revenue was US$147 million (Q1 2014: US$122 million). On an organic1 basis, measured in constant currency, US$ revenue grew by 15%.

Strong demand from smartphone customers contributed to the business's performance, as did higher demand from the PC and notebook segments. 4G/LTE mobile infrastructure, data infrastructure, automotive applications and Model Solution all performed well, but, as anticipated, revenue from gaming consoles and tablets was lower.

Wireless Systems

Revenue for Wireless Systems grew 13% to £52 million (Q1 2014: £46 million). In US$, revenue was US$79 million (Q1 2014: US$77 million). On an organic1 basis, measured in constant currency, US$ revenue grew by 5%.

Telematics/machine-to-machine ("M2M") performed strongly over the period, driven largely by higher demand from automotive customers and greater demand for our 'smart' M2M antennas. Infrastructure antennae WLAN revenues were weaker in the first quarter, and Public Safety sector revenue continued to be affected by funding uncertainty and timing of purchase decisions. WACS railway revenues were also lower in the first quarter year-on-year due to timing of major purchase decisions.

Outlook

David Lockwood, Chief Executive of Laird, commented: "Our strong performance in the first quarter demonstrates our success in focusing on attractive niche markets, diversifying our customer base and becoming a trusted partner to our customers. Our investment in R&D, and acquisitions such as Model Solution, is creating innovative new products and solutions which continue to drive our growth.

"Customer demand for mission-critical connectivity and innovative technology solutions continue to offer our business long term growth opportunities. Our strategy of concentrating on delivering innovation, reliable fulfilment and speed is winning new business and deepening our customer relationships.

"The year has started well, with good growth in our business. We have some visibility on new products to be launched by customers in the second half of the year, which underpins our current full year outlook. We are confident that our strategy will continue to create value for our customers and our shareholders."

1Organic constant currency growth is calculated in US$ on a pro-forma basis, restating prior year comparatives as if

 acquisitions were owned for the equivalent period in the preceding year, and applying prior year period exchange rates to

convert current year revenues to US$.

2The average US$/£ exchange rate for the first quarter of 2015 was US$1.51/£ (2014: US$1.65/£).

Laird will host an analyst conference call to discuss the trading statement at 08:30am London time; dial-in number +44(0)20 3427 1925, access code: 5229026. Please register on our website: www.laird-plc.com. A replay of the call will also be available on our website www.laird-plc.com.

About Laird PLC:

Laird is a global technology company providing systems, components and solutions that protect electronics from electromagnetic interference and heat, and that enable connectivity in mission-critical wireless applications and antennae systems. Laird is a global leader in the field of innovative radio frequency ("RF") engineering.

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