Cobham announces acquisition of shares in Thrane & Thrane

5 April 2012

Cobham announced on 12 March 2012 that it had withdrawn its proposal to the Board of Thrane & Thrane A/S (“Thrane & Thrane”) regarding a possible recommended offer for Thrane & Thrane at a price of DKK420 per share in cash, as the Board of Thrane & Thrane felt unable to recommend its proposal. Cobham reserved the right to reconsider its position at any time.

In that announcement Cobham commented that its strategy is to build market leadership
positions in its strategic business units, by investing in technology. SATCOM is one such
technology and Thrane & Thrane remains an attractive potential partner. Cobham has
therefore continued to follow events at Thrane & Thrane with interest.

Following the resignation with immediate effect of the Chairman of Thrane & Thrane on 26
March 2012, a number of institutional investors have expressed an interest in selling their
shareholdings in Thrane & Thrane.

This has resulted in the purchase today by Cobham from Jupiter Asset Management
Limited and other institutional shareholders of 1,292,110 shares at a price of DKK420 per
share in cash, representing approximately 22.74 percent of the issued share capital of
Thrane & Thrane.

Cobham has notified the Board of Thrane & Thrane that, taken together with market
purchases, it now owns 1,453,795 shares, representing approximately 25.6 percent of the
issued share capital of Thrane & Thrane.

Cobham is continuing to consider all options available to it in relation to Thrane & Thrane.