Thrane & Thrane Offer Period Extended

22 May 2012

Offer Period Extended in Relation to Recommended Offer for

Thrane & Thrane A/S

Further to Cobham plc's ('Cobham's') Offer for Thrane & Thrane A/S ('Thrane & Thrane'), as amended on 3 May 2012, Cobham announces that it has extended the Offer period by four weeks to 18 June 2012 at 20:00 (CET) for shareholders and 12:00 noon (CET) for warrant holders. The Offer had previously expired on 21 May 2012 at 20.00 CET.

Following the Thrane & Thrane Board's 3 May decision to support and facilitate Cobham's Offer detailed information has been provided, resulting in an additional merger clearance filing. The extension of the Offer period provides further time to secure the customary merger clearances.

As previously announced, the minimum acceptance condition of the Offer was satisfied on 8 May 2012.

Further to this announcement, Cobham has published a Supplement to the Offer Document ('Supplement II') which gives effect to the Offer period extension and this has been approved by the Danish FSA.

The Supplement II and further information on the offer will, subject to certain restrictions, be available at www.cobhaminvestors.com and www.ttcob.dk.

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