For more information, contact:

Debra Seifert Communications LLC Aeroflex Limited (US) Debra Seifert: +1 (503) 626-7539 Rachel Atack debra@debraseifert.com+44 (0)1438 742200 (Europe) Helen Duncan: +44 (0)7765 250610 rachel.atack@aeroflex.com helen@debraseifert.com

FOR PRINT AND ONLINE RELEASE: February 27, 2014 Aeroflex affirms commitment to 5G research and development

Increasing its involvement in 5GIC program, Aeroflex demonstrates potential 5G

modulation scheme

STEVENAGE, UK, and MOBILE WORLD CONGRESS, BARCELONA - February 27, 2014- Aeroflex Limited, a wholly owned subsidiary of Aeroflex Holding Corp. (NYSE:ARX), announced today that it is actively working on developing technologies towards potential Fifth Generation (5G) wireless systems, and is a founding member of the 5G Innovation Centre (5GIC) program, led by the University of Surrey, UK.

Aeroflex is one of the founding partners in 5GIC, which is conducting research and development into advanced technologies for the 5G network of the future. The project aims to establish a world-leading position in mobile broadband communications, and participants include leading global mobile network operators, infrastructure and tools providers, along with media and communications organizations, in addition to the University itself.
"The 5GIC program gives us an excellent platform for collaboration with world- class researchers and companies in this exciting mobile communications field," said Li-Ke Huang, Technology Manager of Aeroflex. "As a leading wireless network infrastructure test solution provider, Aeroflex is fully committed to developing and
Aeroflex affirms commitment to 5G research and development 2
providing solutions to tackle the new test and measurement needs and challenges of
the future 5G technologies."
Aeroflex's early engagement in 5G research will consolidate its position as a leading innovator in wireless network infrastructure test technologies and systems, providing test and measurement products to enable all stages of the R&D cycle for this new generation of wireless technology. Aeroflex's involvement includes assuring the testability of the future high-complexity, high-density, intelligent large scale wireless systems by developing advanced wireless network simulation and modelling techniques for effective and efficient test scenario generation.
"Aeroflex has been a key partner in 5G research right from the beginning, just as we have been with LTE-A," said Li-Ke Huang. "We are playing a pivotal role in test and measurement innovations to enable the core wireless technology research to develop concept-proving system prototypes, towards 5G and beyond."

More about Aeroflex 5G technology

In co-operation with 5GIC, Aeroflex is evaluating and developing the use of the industry benchmark TM500 infrastructure test platform for research into new air interface technologies that may be suitable for 5G. A filter band multi-carrier (FBMC) modem architecture with isotropic orthogonal transform algorithm (IOTA) has been selected as the first of the new air interface options to be explored, and Aeroflex is developing a practical IOTA modem on the TM500 test mobile platform
Combining 5GIC's core algorithm research and Aeroflex's wireless system engineering capabilities has already yielded positive initial results in experimental modem design. These include evaluation of physical layer performance gains resulting in potential system design enhancements that could be achieved using FBMC technologies. It has also facilitated the validation of theoretical analysis, and helped both in understanding and solving practical design issues and in identifying recommendations for future areas of research.
Aeroflex affirms commitment to 5G research and development 3

Availability

For more information, contact your local Aeroflex sales office by visiting or calling Aeroflex Sales at (800) 835-2352 [US], +44 (0)1438 742200 [UK] or info- test@aeroflex.com.

About Aeroflex

Aeroflex Holding Corp. is a leading global provider of high performance microelectronic components, and test and measurement equipment used by companies in the space, avionics, defense, commercial wireless communications,
medical and other markets.

Forward Looking Statements

All statements other than statements of historical fact included in this press release regarding Aeroflex's business strategy, financial results and plans and objectives of its management for future operations are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to Aeroflex or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of Aeroflex's management, as well as assumptions made by and information currently available to its management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, adverse developments in the global economy; changes in government spending; dependence on growth in customers' businesses; the ability to remain competitive in the markets Aeroflex serves; the inability to continue to develop, manufacture and market innovative, customized products and services that meet customer requirements for performance and reliability; the failure of suppliers to provide raw materials and/or properly functioning component parts; the inability to meet covenants contained in debt agreements; the termination of key contracts, including technology license agreements, or loss of key customers; the inability to protect intellectual property; the failure to comply with regulations such as International Traffic in Arms Regulations, the Foreign Corrupt Practices Act and Conflict Minerals regulations, and any changes in regulations; the failure to realize anticipated benefits from completed acquisitions, divestitures or restructurings, or the possibility that such acquisitions, divestitures or restructurings could adversely affect Aeroflex; the loss of key employees; exposure to foreign currency exchange rate risks; and terrorist acts or acts of war. Such statements reflect the current views of management with respect to the future and are subject to these and other risks, uncertainties and assumptions. Aeroflex does not undertake any obligation to update such forward-looking statements. Any projections in this release are based on limited information currently available to Aeroflex, which is subject to change. Although any such projections and the factors influencing them will likely change, Aeroflex will not necessarily update the information, since Aeroflex will only provide guidance at certain points during the year.

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