SEPU.L Regulatory News (SEPU)

SEPURA PLC

(the "Company" or the "Group")

TRADING UPDATE

RECORD H1 REVENUES, STRONG ORDER BOOK, TELTRONIC INTEGRATION ON TRACK

Sepura plc, a leading global provider of critical communications solutions, today issues the following trading update for the six month period ended 2 October 2015.

Highlights

· Record H1 revenues of €93 million driven by strong organic growth and the contribution from Teltronic

· Teltronic integration on track and all forecast cost synergies secured

· Trading in line with market expectations for the full year

Trading update

The Company expects to report first half revenues of €93 million, up 70% over the prior year. Organic revenues increased by 34%, reflecting robust demand in the Group's core markets and the delivery of contracts secured in the prior year. The additional revenue growth reflects Teltronic's contribution since its acquisition at the end of May. The integration of Teltronic is on track with all forecast cost synergies secured, delivering €1.5 million and €3.0 million of savings in FY16 and 17 respectively.

The delivery of the Saudi Arabian contract was largely completed during the period but further contract wins across a range of geographies and customers contributed to an increased closing order book of €57 million. The Brazilian state of Sergipe selected a complete TETRA solution providing digital communications for every public safety and rescue organisation in the state. This represented our first significant win combining Teltronic infrastructure and Sepura terminals.

The current order book, pipeline, integration synergy delivery and trading performance to date gives the Board confidence that, despite forecast H1 FX headwinds of €1.2 million, the Group is on track to meet market expectations for the full year.

The Company expects to report net debt of €80 million which reflects Teltronic acquisition financing and the normal working capital seasonality of the business. Net debt at the end of the financial year is also expected to be in-line with market expectations.

Commenting on the Company's results, Gordon Watling, Chief Executive, said:

"I am pleased to report that trading during the period and the integration of Teltronic are in line with market expectations. The Group is now a diverse business operating in more geographies and markets than ever before, with growing momentum that is reflected in the closing combined order book of €57 million. The solid start to the year and continuing demand give us confidence that we will deliver on market expectations for the full year."

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. Sepura's proven track record of focussing on exciting high growth opportunities, product innovation and delivering quality and customer service was recognised in April 2015 with the award of the prestigious Queen's Award for Enterprise: International Trade.

Headquartered in Cambridge, England and with over 700 employees, Sepura was admitted to the Official List of the London Stock Exchange on 3 August 2007.

www.sepura.com