Spirent Communications (SPT) Trading Update summary

Shareholder vote and remuneration policy

• New Directors' Remuneration Policy and Long-Term Incentive Plan 2024 were approved by a majority, despite some dissent among shareholders.

• Extensive consultation with shareholders was conducted prior to the AGM, with many understanding the rationale for the changes.

• The Committee committed not to use the hybrid structure in 2024; the LTIP structure remains unchanged from 2023.

• Post-AGM consultation was limited due to significant changes in the shareholder register following the proposed Keysight acquisition.

• The Committee has begun engaging shareholders regarding the policy's implementation for 2025.

Company background and trading information

• Spirent Communications is a global leader in automated test and assurance solutions for next-generation networks and devices.

• Ordinary shares are listed on the London Stock Exchange (SPT) and ADRs trade OTC in the US under SPMYY.

• The company addresses challenges in 5G, SD-WAN, cloud, and autonomous vehicle technologies.

Forward-looking statements and caution

• The document contains forward-looking statements subject to risks and uncertainties.

• No obligation is undertaken to update forward-looking statements based on new information or future events.