Chemring Group PLC

Report Publication Announcement • Mar 18, 2014

This document is important and requires your immediate attention. If you are in any doubt about its contents you should consult your independent financial adviser. If you have sold or transferred all of your Chemring Group PLC ordinary shares you should send this document and all accompanying documents to the purchaser or transferee, or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

Dear shareholder ANNUAL GENERAL MEETING OF CHEMRING GROUP PLC

I am pleased to inform you that the Company's 2013 annual report has now been published.

If you have requested a copy of the 2013 annual report, it is enclosed with this letter, together with the Notice of Annual General Meeting and any other associated documents. If you requested to receive the annual report electronically or did not return the election card previously sent to you, please accept this letter as notification that the 2013 annual report and associated documents have now been published on our website (www.chemring.co.uk) and can be accessed by clicking on the investors section on the home page. If you have only recently become a shareholder in Chemring Group PLC, we will write to you shortly regarding your options for shareholder communications.

This year's Annual General Meeting will be held on Thursday 20 March 2014 at 11.30am at Holborn Bars, 138–142 Holborn, London EC1N 2HG. The formal notice of the meeting, together with the explanatory notes concerning each of the resolutions, is enclosed with this letter if you have elected for a hard copy, or is available on the Company's website.

Poll voting

In line with market practice, voting at the 2014 Annual General Meeting will be conducted by way of a poll. This reflects best practice and allows those shareholders who are not able to attend the Annual General Meeting to have their votes fully recognised. Any directors appointed as proxies will cast their votes as directed by shareholders. The poll results will be published on the Company's website (www.chemring.co.uk), and will be notified to the UK Listing Authority as soon as practicable following the conclusion of the meeting

Resolutions

I would like to draw your attention in particular to the following resolutions:

Resolutions 2 and 3

Following changes to the requirements relating to the content and approval of the directors' remuneration report which were implemented during 2013, two resolutions are included in the notice of meeting this year, seeking approval of the future directors' remuneration policy and the annual report on directors' remuneration.

Further details of the new requirements are set out in the notes accompanying the resolutions.

Resolution 4

This resolution deals with the declaration of the final dividend of 3.8p per ordinary share proposed to be paid on 9 May 2014 (subject to shareholder approval) to shareholders on the register of members at the close of business on 22 April 2014. The final dividend is stated per ordinary share.

Resolutions 5 to 12

Resolutions 5 to 12 relate to the re-appointment and re-election of directors. Andy Hamment and Nigel Young are standing for re-appointment by the shareholders, following their appointment by the Board during the year. In addition, in order to ensure compliance with the UK Corporate Governance Code, all of the other directors are voluntarily submitting themselves for reelection at the Annual General Meeting. Biographical details for the directors can be found in the notice of meeting.

As Chairman, I confirm on behalf of the Board, that each of the directors standing for re-appointment or re-election continues to demonstrate commitment to their role and to make an effective and valuable contribution to the Board. Accordingly, I have no hesitation in recommending their re-appointment or re-election to the shareholders.

My fellow Board members have concluded that I also continue to demonstrate commitment to my role and to make an effective and valuable contribution to the Board, and they are therefore recommending my re-election to shareholders.

Recommendation

The Board considers that all of the resolutions being proposed are in the best interests of the shareholders and will promote the success of the Company, and accordingly recommends that you vote in favour of each of the resolutions, as they intend to do in respect of their own beneficial holdings amounting to 386,375 shares, representing 0.2% of the issued ordinary share capital of the Company.

Action to be taken

If you are able to attend the meeting, we will be delighted to see you. If, however, you are not able to attend the meeting in person, your vote is still important and I would urge you, regardless of the number of shares you own, to appoint a proxy. You may complete a proxy form electronically by accessing our registrars' website at www.eproxyappointment.com. Alternatively, you can complete your paper proxy form and return it to the registrars, Computershare Investor Services PLC. Further details are set out in the proxy form. Please note that all proxy forms, whether completed electronically or on paper, must arrive at the registrars not later than forty-eight hours before the time appointed for holding the Annual General Meeting. However, the completion and return of a proxy form will not prevent you from attending the Annual General Meeting and voting in person, should you wish to do so.

Yours sincerely

Peter Hickson Chairman 12 February 2014