Investor Presentation

30 November 2010

Investor PRESENTATION on growth opportunities and excellence in delivery

Cobham is today holding a presentation for investors and analysts in London, starting at 2.30pm, UK time. A live webcast of the event will be available on www.cobhaminvestors.com.

Cobham's three Technology Division Presidents will cover the market positions and growth opportunities for each of their businesses.

In addition, there will be a presentation on the Excellence in Delivery programme, announced in August 2010, which will simplify the Group through the implementation of standardised processes and by consolidating manufacturing operations to 14 principal sites, which are expected to contribute some 80% of technology profit in 2013, with some smaller specialist sites remaining.

The programme is expected to deliver annual savings of £65 million by the end of 2013, at a total cost to implement of £131 million. The anticipated phasing of the annual savings and the annual costs to implement is as follows:

Annual Savings

Costs to Implement

Andy Stevens, Cobham Chief Executive Officer, will say:

"2010 has been a challenging year with an unusual level of slippage in orders, primarily on six specific programmes, while in other areas we have seen good growth. We have good programme positions and order book, with technologies and products in areas of priority for customers. In case delays and deferrals persist we are configuring the business with a more prudent view of top line growth in 2011, by accelerating some cost savings from the Excellence in Delivery programme.

"This programme will significantly improve the way we work, and is already delivering significant cost savings. It will enhance our customer delivery, reduce our cost base and improve our profitability by £65 million by the end of 2013."

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ENQUIRIES

Cobham plc

Julian Wais, Director of Investor Relations +44 (0)1202 857998

Brunswick

Nick Claydon/Michael Harrison +44 (0)20 7404 5959

NOTES

1. Cobham's products and services have been at the heart of sophisticated military and civil systems for more than 75 years, keeping people safe, improving communications, and enhancing the capability of land, sea, air and space platforms. The Company has four divisions employing some 12,000 people on five continents, with customers and partners in over 100 countries and annual revenue of some £1.9bn / $3 billion.

2. This document contains 'forward-looking statements' with respect to the financial condition, results of operations and business of Cobham and to certain of Cobham's plans and objectives with respect to these items.

Forward-looking statements are sometimes but not always identified by their use of a date in the future or such words as 'anticipates', 'aims', 'due', 'could', 'may', 'should', 'expects', 'believes', 'intends', 'plans', 'targets', 'goal', or 'estimates'. By their very nature, forward-looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that may or will occur in the future.

There are various factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, changes in the economies, political situations and markets in which the Group operates; changes in government priorities due to programme reviews or revisions to strategic objectives; changes in the regulatory or competition frameworks in which the Group operates; the impact of legal or other proceedings against or which affect the Group; changes to or delays in programmes in which the Group is involved; the completion of acquisitions and divestitures and changes in exchange rates.

All written or verbal forward-looking statements, made in this document or made subsequently, which are attributable to Cobham or any other member of the Group or persons acting on their behalf are expressly qualified in their entirety by the factors referred to above. Cobham does not intend to update these forward-looking statements.