Cohort Regulatory News (CHRT)

Cohort plc

("Cohort")

Acquisition announcement

Portuguese Government approves acquisition of radios from EID

Cohort, the independent technology group, notes the announcement by the Portuguese government in its official gazette of its decision to authorise the acquisition of tactical radios for the Portuguese Army from Cohort's subsidiary EID. The details of the contract will be subject to negotiation, but the approved maximum value is €7.5m, and delivery is expected to take place between 2017 and 2023.

The radios will form part of the Portuguese Army's tactical communications and information system known as SIC-T.

Andy Thomis, Chief Executive of Cohort, said:

"I am delighted that EID has been selected to provide this important element of the SIC-T system. It is a strong endorsement of EID's technical capability and the high quality of its products. The expected contract award will enhance the visibility of Group revenue in 2016/17 and beyond."

Ends

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NOTES TO EDITORS

Cohort is the parent company of four innovative, agile and responsive businesses based in the UK and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security.

www.mass.co.uk

MCL is an expert in the sourcing, design, integration and support of communications and surveillance technology for the defence and security markets.

www.marlboroughcomms.com

SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets.

www.sea.co.uk

EID designs and manufactures advanced communications systems for the defence and security markets.

www.eid.pt