SEPU.L Regulatory News (SEPU)

23 October 2014

SEPURA PLC

("the Company" or "the Group")

TRADING UPDATE

Sepura plc, a leading global provider of critical communications solutions, today issues the following trading update for the six month period ended 26 September 2014.

Highlights

· H1 revenues of €54 million, up 18% over prior year

· Trading in line with market expectations for the full year

· New financing facility of €35 million

Trading update

The Company expects to report revenues for the first half of €54 million, up 18% over the prior year. Infrastructure revenues were 57% higher as the strong year end order book was delivered.

Planned investment in DMR has continued, with the launch of additional products and the acquisition of Fylde Micro Limited. DMR distribution channels have been expanded further, with DMR radios shipped to customers in 23 countries during the period.

The Group has agreed a new five year finance facility of €35 million with Barclays, replacing its existing five year £18 million RCF that was scheduled to mature in 2016, and on better terms.

The Company is expected to report net debt of €13.8 million which includes a working capital outflow of €10.6 million for the period. This is expected to largely unwind during the coming quarter, with cash generation for the year on track to meet market expectations.

Trading in the first half and further contract wins, resulting in a strong closing order book, gives the Board confidence in the Company's ability to meet its existing guidance of 10% revenue growth and 15% adjusted EPS growth for the full year ended 27 March 2015.

Ends

Further information:

Cautionary Statement:

This trading statement contains certain forward-looking statements with respect to the operations, performance and financial condition of Sepura. By their nature, future events and circumstances can cause results and developments to differ from those anticipated. Nothing in this trading statement should be construed as a profit forecast. No undertaking is given to update the forward-looking statements whether as a result of new information, future events or otherwise.

Notes to Editors:

Sepura is a global leader in the design, manufacture and supply of digital radios, infrastructure and applications for Professional Mobile Radio ("PMR") users, providing specialist solutions for the public safety, transportation, oil and gas, mining, utilities, industrial and other commercial sectors.

Founded in the UK in 2002, Sepura has expanded rapidly across the world and is now a market leader in over 30 countries, with a network of regional partners that sell, and provide local support for, its market-leading products.

Headquartered in Cambridge, England and with over 400 employees, Sepura was admitted to the Official List of the London Stock Exchange on 3 August 2007.

www.sepura.com