Thrane & Thrane is the world's leading manufacturer of equipment and systems for global mobile communication based on sophisticated satellite and radio technology. Thrane & Thrane offers communication solutions for four market areas: Maritime, land mobile, aeronautical and systems. Backed by some 600 highly qualified and dedicated employees located in Denmark, Sweden, Norway, the USA, China and Singapore and its global distributor network, Thrane & Thrane generates annual revenue of EUR 150 million.

1. History and ownership

Thrane & Thrane was incorporated in 1981 by the brothers Lars and Per Thrane. Since March 6, 2001, the company has been listed on the NASDAQ OMX in Copenhagen. Two shareholders hold more than 5% of the shares in Thrane & Thrane: Lars Thrane (Gentofte) and Jupiter Asset Management Limited (London) holds 24% and 10.8%, respectively.

2. Financial highlights

3. The market

Thrane & Thrane develops and provides global mobile communication based on sophisticated satellite and radio technology. Demand is growing. The human need - or desire - for communicating with others is seeing sustained growth. Voice and data. High-speed transmision. At work or in your spare time. 24 hours a day. Anywhere. Often in extreme conditions. People quickly get used to enhanced quality, comfort and reliability - also when it comes to communication.

Thrane & Thrane's products are based on the satellite system Inmarsat. The existing Inmarsat-3 satellite system consists of four satellites plus one spare satellite. At a height of some 36.000 km above the earth the four satellites provide coverage of 98% of the earth's surface. The satellites have been in service since the end of 1996, and the next generation of satellites - named BGAN - was introduced in the beginning of December 2005. BGAN provides voice and data services at transmisssion speeds of up to 492 kbps, almost 8 times faster than ordinary ISDN.

4. Products

Thrane & Thrane offers terminals to four market areas:

• Thrane & Thrane's products for the maritime market target professional users and are used, among other purposes, for
  the GMDSS distress and safety system. The equipment is typically used by merchant vessels, commercial vessels, fi shing
  vessels and pleasure craft for radio and satellite communication. Customers include mainly shipyards and commercial
  and private shipowners.
  
  
• Thrane & Thrane's products targeting the land mobile market comprise portable terminals for personal communication
  systems. In addition, the company manufactures terminals for vehicular use. Typical customers are international aid
  organisations, governments, the media and oil, gas and mining companies.
  
  
• Thrane & Thrane's aeronautical products comprise communication equipment for corporate jets and military aircraft. The products support safety, operational, cockpit and passenger voice and data applications.
  
  
• The market for systems consists of land earth stations for the various Inmarsat services. The land earth stations are
  connected to the terrestrial network, providing the interface between the satellite system on the one hand and the public
  switched telephone network, cellular networks and the Internet on the other.

The actual production of Thrane & Thrane's products has been outsourced to sub-contractors.

5. Sales

Thrane & Thrane has more than 300 distributors located in more than 60 countries worldwide. The products are being sold under the brands Thrane & Thrane, AVIATOR, EXPLORER and SAILOR and as OEM-products.

6. Employees, design and development

Thrane & Thrane's continued development of new and competitive products is highly dependent on the company's ability to attract and retain highly qualified employees, especially engineers and technicians. Thrane & Thrane strives to be an attractive and ground-breaking place to work. More than 340 of the approx. 600 employees are engaged in development work.

7. Board of directors

• Waldemar Schmidt, former Chief Executive Officer of ISS A/S (Chairman).
• Jim Hagemann Snabe, co-CEO of SAP Group AG.
• Morten Eldrup-Jørgensen, attorney and partner of the law firm Nielsen & Nørager.
• Lars Thrane, one of the founders of Thrane & Thrane.
• Gert Hejne Jensen, elected by the employees.
• Christian Mørup-Petersen, elected by the employees.

8. Management board

• Walther Thygesen, CEO
• Lars Thrane, founder.
• Svend Åge Lundgaard Jensen, CFO.

9. Questions and further information

Thrane & Thrane A/S
Lundtoftegårdsvej 93 D
DK-2800 Kgs. Lyngby


Tel.: +45 39 55 88 00
Fax: +45 39 55 88 88
E-mail: info@thrane.com