Eurocopter Holding, a subsidiary of EADS (EURONEXT:EAD), and Vector Aerospace Corporation (TSX:RNO), a Canadian company listed on the Toronto Stock Exchange, announced today that the expiry time of the offer by 7762798 Canada Inc. (the “Offeror”), a wholly-owned subsidiary of Eurocopter Holding, to acquire at a price of C$13.00 in cash per share all of the outstanding Common Shares of Vector Aerospace, including all shares that may be issued on the exercise of options granted under Vector Aerospace’s stock option plan (the “Offer”), has been extended until June 30, 2011, to allow the remaining required regulatory approvals to be obtained. All other terms and conditions of the Offer described in the Offeror’s Offer and Circular dated April 15, 2011 remain the same.

On April 21, 2011, the Offeror received confirmation that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (United States) had expired. On May 9, 2011, the applicable statutory waiting period under the Competition Act (Canada) expired. While the Canadian Competition Bureau’s substantive review of the transactions contemplated by the Offer has not been completed, the Offeror expects that written clearance from the Canadian Commissioner of Competition will be obtained prior to June 30, 2011. On May 19 2011, the Offeror received confirmation of approval by the Committee on Foreign Investment in the United States. On May 20, 2011, the Investment Review Division of Industry Canada advised the Offeror by letter that the initial 45 day review period under the Investment Canada Act has been extended by up to an additional 30 days. The Offeror expects that the remaining regulatory approvals required under the terms of the Offer will be obtained prior to June 30, 2011.

The Offer is now open for acceptance until 2:00 p.m. (Toronto time) on June 30, 2011, but is subject to extension beyond such date. Completion of the Offer is subject to usual and customary conditions including, but not limited to, a minimum of 66 2/3% of the common shares of Vector Aerospace being tendered to the Offer, as well as obtaining all necessary regulatory approvals.

A notice announcing the extension of the Offer will be mailed to Vector Aerospace’s shareholders. The notice will also be available for review on SEDAR at www.sedar.com. Further announcements will be made in the event of a Canada Post mail disruption.

About Vector Aerospace
Vector Aerospace is an independent provider of aviation repairs and overhaul services. Through facilities in Canada, the United States, the United Kingdom and Africa, Vector Aerospace provides services to commercial and military customers for various types of gas turbine engines, components and helicopter airframes. Principal operations include Vector Aerospace Helicopter Services Inc. – North America, Vector Aerospace International Limited – UK, Vector Aerospace Engine Services – Atlantic Inc. – Atlantic and Vector Aerospace Engine Services UK Limited – UK. Vector Aerospace had a revenue contribution of C$545 million in 2010, and approximately 2,500 employees.

About EADS
EADS is a global leader in aerospace, defense and related services. In 2010, the Group – comprising Airbus, Astrium, Cassidian and Eurocopter – generated revenues of EUR 45.8 billion and employed a workforce of more than 121,000.

About Eurocopter Holding and Eurocopter
Eurocopter Holding is the parent company of Eurocopter. Established in 1992, the Franco-German-Spanish Eurocopter is a division of EADS. The Eurocopter group employs approximately 17,500 people. Eurocopter is a global leader in the manufacturing and sale of helicopters, with a turnover of 4.8 billion euros in 2010. There are 11,200 Eurocopter helicopters currently in service with nearly 2,900 customers in 147 countries.