Transaction in Own Shares

FOR IMMEDIATE RELEASE 29 JANUARY 2018

CHEMRING GROUP PLC

TRANSACTION IN OWN SHARES

Chemring Group PLC (the "Company") announces that on 26 January 2018 it transferred 434,175 ordinary shares of 1p each from treasury in satisfaction of the vesting of conditional awards made on 26 January 2015 under the Chemring Group Performance Share Plan 2006.

Following the above transaction, the Company holds a total of 1,764,639 ordinary shares as treasury shares and the total number of ordinary shares in issue (excluding shares held in treasury) is 279,874,983.

-ENDS-

For further information:

Sarah Ellard Group Legal Director, Chemring Group PLC 01794 833901