LONDON -- Spirent Communications plc ("Spirent", the "Company" or the "Group") (LSE: SPT), a leading communications technology company, announces the following unaudited Interim Management Statement for the period since 31 December 2008.

Trading performance for the period since 31 December 2008 is slightly ahead of the Board's expectations.

Earnings include a charge of 0.05 pence per share for share-based payment and amortisation of intangible assets (first quarter 2008: 0.08 pence). Cost reduction actions in the first quarter of 2009 will result in £8.5 million of annualised savings, the cost of which, £0.8 million, has been expensed in the period.

Performance Analysis

Revenue for the division in the first quarter of 2009 was £53.0 million compared with

£43.2 million in the first quarter of 2008 and operating profit was £10.0 million compared with

£7.9 million. Revenue expressed in US dollars, was $76.3 million in the first quarter of 2009 compared with $85.5 million for the first quarter of 2008. It is currently anticipated that revenues for the second quarter will increase sequentially due to seasonal factors, but that they will decrease year-on-year in US dollars as occurred in the first quarter.

Service Assurance and Systems

Revenues and profits were in line with our expectations.

Cash

Free cash flow1 for the first quarter of 2009 was £17.4 million (first quarter 2008: £1.3 million). This resulted in an increase in the net cash position to £77.1 million at 29 March 2009 from

£59.7 million at 31 December 2008. There were no share repurchases in the period.

Outlook

Whilst market conditions remain uncertain, we anticipate that the Company's performance for the remainder of the year will continue to be in line with our expectations.

Bill Burns, Chief Executive, commented:

"Market conditions were generally as expected. A favourable US dollar:sterling exchange rate, improved margins resulting from a favourable mix of new products, and continuing expense control offset the impact of lower revenues in US dollar terms on operating profit.

"We are pleased at the level of profits reported in our seasonally weakest quarter. Our new product introductions for wireless and broadband test solutions will position Spirent well to serve the needs of our markets for the rest of this year and beyond."

Spirent Communications plc