Dialight Regulatory News (DIA)

2 October 2019

Dialight plc

("the Company")

Update on AGM voting

Following the Company's 2019 annual general meeting (AGM) and as set out in the statement released on 17 April 2019, the Company has reviewed the principal reasons for the low levels of support shown in respect of three of the AGM resolutions.

In respect of Resolution 2 (Remuneration Report), the Company recognises that there were significant votes against (28.99%). The Company has engaged with 16 of its top shareholders. Of the issues identified: (1) one issue, relating to a former CEO, will be non-recurring; (2) issues concerning CEO and chairman remuneration levels have been addressed (and disclosed on the Company's website); and, (3) the remaining issues (primarily concerned with the operation of the PSP scheme) will be addressed either in the Company's draft 2020 Remuneration Report (to be consulted upon with shareholders in Autumn 2019) or by the Company's Remuneration Committee in setting performance targets for future awards.

In respect of Resolutions 15 and 16 (pre-emption rights), the Company also recognises that there were significant votes against (21.09% and 21.30% respectively). These votes against were principally from three shareholders, one of whom no longer holds shares in the Company. The Company has consulted with each of these shareholders and will take note of their objections when deciding whether or not to seek similar such powers at the 2020 AGM and/or when drafting explanatory notes in relation to the use by the Company of any such powers granted.

Contacts:

Dialight Plc

Tel: +44 (0)203 058 3546

Richard Allan - General Counsel and Company Secretary