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.

Comrod Communication ASA is pleased to announce an agreement to acquire 80% of the shares in WIBE TM AB in Sweden with an obligation to acquire the remaining shares at a later stage.

BU Norway continues its solid finacial performance.

Main highlights for Comrod Group since the 2010 4th quarter report: · Improved Group results compared to the corresponding period 2010. · Business Unit Norway continued its strong performance. · Business Unit France delivered according to plan and at the same activity level as for 1st quarter 2010.

The Annual Shareholder Meeting was held on April 29, 2011 at Fiskåvegen 1, 4120 Tau. Minutes from the meeting is enclosed in English and Norwegian.

The Annual General Meeting of Comrod Communication ASA will be held on Friday 29 April 2011 at 11.00 a.m. at Fiskåvg. 1, 4120 Tau (Norway).

The Board of Directors of Comrod Communication ASA has in meeting 28.03.2011 approved the Board Report, Consolidated accounts and Parent Company accounts.

The following are the main highlights for Comrod Group since the previous 3rd quarter report: - High activity levels in all business units resulting in revenue above plan. - The 4th quarter EBITDA margin of 23.3% is the highest quarterly EBITDA margin ever for the Comrod Group. - Business unit France has recovered substantially from the 3rd quarter results. This is in line with plan. - Business unit Norway continued to show strong performance above plan.