The Board of Directors has on it's meeting on August 23, 2007 awarded CFO Svend Åge Lundgaard Jensen 50,000 warrants to subscribe for 50,000 new shares in Thrane & Thrane A/S. Svend Åge Lundgaard Jensen will receive the warrants over a period of five years. The warrants awarded are exercisable as set out in the terms and conditions in Appendix 3 to the company's Articles of Association. Svend Åge Lundgaard Jensen will not earn warrants unless he is employed with the company. Award overview can be seen in attached PDF. The market value of the warrants programme is DKK 5.4 million. The market value has been calculated on the basis of the Black-Scholes valuation model for options. The volatility has been calculated at 28.5, using the last twelve months' movements in the Thrane & Thrane share price. A risk-free interest rate of 4.53 % has been applied. For further information, see Appendix 3 to the company's Articles of Association, available at www.thrane.com For further information, please contact John Alexandersen, VP Corporate Communications Tel.: +45 39 55 88 00 or +45 22 72 38 22 E-mail: investor@thrane.com About Thrane & Thrane Thrane & Thrane is the world's leading manufacturer of equipment and systems for global mobile communication based on sophisticated satellite and radio technology. Since its incorporation in 1981, the company has established a strong position within global mobile communication solutions based on the Inmarsat system, and today Thrane & Thrane provides equipment for maritime, land-based and aeronautical use. The company's communication products are sold throughout the world under the brands Thrane & Thrane, EXPLORER® and SAILOR® through distributors and partners and as OEM products. Thrane & Thrane employs about 800 people and is listed on OMX the Nordic Stock Exchange in Copenhagen. For further information about Thrane & Thrane, see www.trane.com.