<div id="readability-page-1"><div>RNS Number : 8905K DBAY Advisors Limited 09 December 2025 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTIONTHIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE &#34;CODE&#34;) AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE.THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU 596/2014) WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. FOR IMMEDIATE RELEASE9 December 2025DBAY Advisors Limited (&#34;DBAY&#34;)Statement regarding a possible offer for TT Electronics Plc (&#34;TT Electronics&#34; or the &#34;Company&#34;)Following the publication of the scheme document in relation to the recommended offer for TT Electronics by Cicor Technologies Ltd (&#34;Cicor&#34;) on 25 November 2025 in connection with the court and general meetings to be held on 17 December 2025, DBAY believes that the terms of Cicor's offer as set out in the scheme document are unattractive, and DBAY therefore intends to vote against the scheme of arrangement.DBAY also announces that it is considering a possible offer for the entire issued and to be issued ordinary shares of TT Electronics (save for those already owned by funds managed or advised by DBAY). DBAY has been granted access to due diligence by the board of TT Electronics, but there can be no certainty that any offer for the Company will be made. A further announcement will be made as appropriate.As at today's date, DBAY holds an interest in 43,717,928 ordinary shares of TT Electronics, representing approximately 24.5 per cent. of TT Electronics' issued ordinary share capital. Pursuant to Rule 2.4(c)(iii) of the Code, if DBAY were to make an offer, under Rule 11 of the Code DBAY would be required to make an offer at no less than 149 pence per share in cash.In accordance with Rule 2.6(d) and Section 4 of Appendix 7 of the Code, the Panel will announce the deadline by which DBAY is required to do one of the following: (i) announce a firm intention to make an offer for TT Electronics in accordance with Rule 2.7 of the Code; or (ii) announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.Prior to this announcement it has not been practicable for DBAY to make enquiries of all persons acting in concert with them to determine whether any dealings in TT Electronics' shares by such persons give rise to any other requirement under Rule 6 or Rule 11 of the Code for DBAY, if they were to make an offer, to offer any minimum level, or particular form, of consideration. In accordance with note 4 on Rule 2.4 of the Code, any such details shall be announced as soon as practicable and in any event by no later than 12.00 noon (London time) on 23 December 2025.A further announcement will be made if and when appropriate.Enquiries:<div><table><tbody><tr><td>Investec Bank plc (Financial Adviser to DBAY)</td><td>+44 (0) 207 597 5970</td></tr><tr><td>Gary Clarence, Marc Potel, Harry Hargreaves</td><td></td></tr></tbody></table></div>The person at DBAY responsible for making this announcement is Mike Haxby, Partner.Inside informationThis announcement contains inside information as defined in the UK version of the Market Abuse Regulation (EU) No.596/2014, which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via a Regulatory Information Service, such inside information will be considered to be in the public domain.Important noticesThis announcement is not intended to and does not constitute an offer to buy or the solicitation of an offer to subscribe for or sell or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction.The release, publication or distribution of this announcement, in whole or in part, directly or indirectly, in jurisdictions outside the United Kingdom may be restricted by law and, therefore, persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdictions.Investec Bank PLC (&#34;Investec&#34;), which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK, is acting as financial adviser exclusively for DBAY and no one else in connection with the matters set out in this announcement and will not be responsible to any person other than DBAY for providing the protections afforded to clients of Investec, nor for providing advice in relation to the content of this announcement or any matter referred to herein. Neither Investec nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Investec in connection with this announcement, any statement contained herein or otherwise.Publication on websiteIn accordance with Rule 26.1 of the Code, a copy of this announcement will be available (subject to certain restrictions relating to persons resident in restricted jurisdictions) at www.dbayadvisors.com, by no later than 12 noon (London time) on the business day following the date of this announcement .The content of the website referred to above is not incorporated into and does not form part of this announcement.Disclosure requirements of the Takeover CodeUnder Rule 8.3(a) of the Code, any person who is interested in one per cent. or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of: (i) the offeree company; and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in one per cent. or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of: (i) the offeree company; and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. (London time) on the business day following the date of the relevant dealing.If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4 of the Code).Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0) 20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END OFDMZMGZVLKGKZM</div></div>

DBAY

DBAY Advisors Ltd is considering a possible offer for TT Electronics Plc, opposing Cicor Technologies Ltd's current offer. DBAY holds 24.5% of TT Electronics' shares and has been granted due diligence access. No certainty exists that an offer will be made, but DBAY would need to offer at least 149 pence per share if it proceeds. Further announcements will follow as appropriate.

REG - DBAY Advisors Ltd TT Electronics PLC Cicor Technologies - Statement re Possible Offer for TT Electronics Plc