Bond Buy-back

Filtronic PLC
8 February 2002



                           FILTRONIC PLC
                BUYS IN $16.75M OF ITS 10% SENIOR NOTES
                   AT A DISCOUNT TO PAR VALUE


Filtronic plc ('Filtronic'), a leading global designer and manufacturer of
customised microwave electronic subsystems, announces that it has bought in
$16.75m of its 10% Senior Notes due 1 December 2005 at a discount to par value.
These Notes will be cancelled leaving $153.25m of the Notes outstanding. The
Notes were issued in December 1998 to finance certain acquisitions made by
Filtronic earlier that year.


Commenting, Professor J David Rhodes, Executive Chairman and Chief Executive of
Filtronic, said: 'As at 30 November 2001, Filtronic had cash balances of £11.2m.
Since that date, Filtronic has continued to generate cash, independent of monies
received in respect of the Newton Aycliffe agreements with BAE SYSTEMS Avionics
Limited and M/A-Com Inc. This strong cash performance has enabled the Company to
reduce its level of long term debt and financing costs.'


After buying in these Notes, Filtronic's cash balance was £12.8m. Filtronic is
not utilising any of its £31m bank overdraft facility.



ENDS



For further information, please contact:

Filtronic plc - 01274 530622

John Samuel, Finance Director - mobile [phone]


Binns & Co PR Ltd - 020 7786 9600

Peter Binns/Carole Butcher

Filtronic website: www.filtronic.com


                      This information is provided by RNS
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