Statement of Corporate Governance

The Board of Telit Communications PLC (“Telit”) believes that Telit and its subsidiaries (together, the “Group”) and the delivery of its strategy should be based on strong corporate governance. The Board also believes that good governance is essential to the way in which the Group operates on a day-to-day basis. The Board is committed to developing a culture of openness, transparency, constructive challenge and support.

As an AIM-listed company, Telit follows the requirements of the AIM Rules for Companies. In accordance with AIM Rule 26, Telit has adopted the Quoted Companies Alliance’s Corporate Governance Code for small and mid-size quoted companies (the “QCA Code”). The Board considers that Telit complies with the principles of the QCA Code, except as set out below.

The sections below set out how we currently comply with the ten principles of the QCA Code.

The strategy and business operations of the Group are set out in the Strategic Report on pages 6 to 29 of the Group’s Annual Report for the year ending 31 December 2017.

This statement was last updated on 27 September 2018.