TCM.L Regulatory News (TCM)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Telit Communications PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issues to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

Fortissimo Capital Management Ltd.

4. Full name of shareholder(s) (if different from 3.):

Shares are held on behalf of Fortissimo Capital Fund III (Israel), L.P. and Fortissimo Capital Fund III (Cayman), L.P..

5. Date of the transaction and date on which the threshold is crossed or reached:

February 20, 2014

6. Date on which issuer notified:

February 24, 2014

7. Threshold(s) that is/are crossed or reached:

4%

8. Notified details:

A: Voting rights attached to shares

Class/type of

shares

if possible using the ISIN CODE

Situation previous

to the Triggering transaction

Resulting situation after the triggering transaction

Number

of

Shares

Number

of Voting Rights

Number

of shares

Number of voting

rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Ordinary Shares

14,612,500

14,612,500

4,153,240

4,153,240

3.8%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial

instrument

Expiration

date

Exercise/ Conversion

Period/ Date

Number of voting

rights that may be acquired if the instrument is exercised/ converted.

% of voting

rights

Total (A+B)

Number of voting rights

% of voting rights

4,153,240

3.8%

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Notification using the total outstanding shares of

109,929,291, as set forth in the company's notification dated Feb 3, 2014.

Due to sales of Telit shares by Fortissimo, as of January 23, 2014, Fortissimo's holdings fell below 13%, as of January 28, 2014 Fortissimo's holdings fell below

12% and as of February 17, 2014 Fortissimo's holdings fell below 11%. As a result of sales on 20 February, 2014, Fortissimo currently holds less than 4%.

14. Contact name:

Marc Lesnick

15. Contact telephone number:

+972 3 915-7466