Jupiter Asset Management Limited News

Cobham announced on March 12, 2012 that it had withdrawn its proposal to the Board of Thrane & Thrane A/S regarding apossible recommended offer for Thrane & Thrane at a price of $73.72 (DKK420) per share in cash, as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.