Product Damages Award

15 September 2010

Product Damages Award

As a result of a binding arbitration award from the International Chamber of Commerce, Cobham will make a one-off payment to a commercial customer of €37m before tax. This award will be separately identified in the results for the year ended 31 December 2010 and paid in the fourth quarter. Insurance recoveries may mitigate up to half the settlement, but will only be recognised when received.

The award follows a claim against an agreement signed in 2000, regarding the effectiveness of certain components for use on satellites which were supplied by Cobham's Mission Systems Division in the US from 2001 to 2004. Cobham is disappointed with the outcome of the arbitration given the circumstances and the strength of the defence. The arbitration award is not subject to appeal and the payment is full and final.

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ENQUIRIES

Cobham plc

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

Brunswick

Nick Claydon/Michael Harrison +44 (0) 207 4045959