Highlights since Q3 reporting are recession in key markets with reduced and postponed defence spending still impacting the level of activity. In addition, continuing low activity levels during the quarter for both BU Norway and BU France. Finally, non-recurring impairment of goodwill related to the Comrod France investment.

Highlights since Q2/first half reporting: · Global recession with reduced and postponed defence spending starting to impact on activity levels. · Acquisition of Wibe Telescopic Mast AB has been closed. · Reduced activity level for BU Norway but still delivering satisfactory financial contributions. ·Continued weak development and performance for BU France.

Comrod Communication ASA (Comrod) has previously (22.08.2011) announced the agreement to acquire 80% of the shares of the Swedish company Wibe Telescopic Mast AB (Wibe TM) subject to specific terms. Comrod is now pleased to inform that following completion of a due diligence process this transaction has been closed. The remaining 20% of the shares will be held by AB Wibe - a subsidiary of the French Schneider Electric Group. Comrod has agreed to acquire this remaining 20% shareholding within the next two years at agreed terms.

New range of masts (formerly WIBE Telescopic Masts)

Comrod introduces an innovative new vehicle antenna.