Change to Segmental Reporting

19 December 2017

Change to Segmental Reporting

At the Interim Results Announcement on 3 August 2017, Cobham stated its intention to restate the segmental analysis of underlying operating profit to eliminate the net underlying operating profit previously reported within the 'Head Office and Other' line. The Directors consider that this revision will more fairly reflect the underlying performance of the Sectors.

To facilitate this change, a five year historical analysis of the restated segmental analysis has today been provided at http://www.cobhaminvestors.com/reports-and-presentations/2017.

The Group's total underlying operating profit, its revenue disclosure and the Group cash flow statement are unaffected.

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1. Cobham is a leading global technology and services innovator, respected for providing solutions to the most challenging problems, from deep space to the depths of the ocean. We employ around 11,000 people primarily in the USA; UK and Europe and Australia. We have customers and partners in over 100 countries, with market leading positions in: wireless, audio, video and data communications, including satellite communications; defence electronics; air-to-air refuelling; aviation services; life support and mission equipment.