Bond Buy Back

Filtronic PLC
16 September 2002



                                     FILTRONIC PLC
                        BUYS IN $7.7M 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
$7.7m of its 10% Senior Notes due 1 December 2005 at a discount to par value.
These Notes will be cancelled leaving $127.2m of the Notes outstanding.
Filtronic has now bought in and cancelled a total of $42.8m of the Notes.
Filtronic is not utilising any of its £31m bank overdraft facility.


Commenting, Professor J David Rhodes, Executive Chairman and Chief Executive of
Filtronic, said: 'As at 31 May 2002, Filtronic had cash balances of £9.1m. Since
that date, Filtronic has continued to generate cash and has bought in $13.5m of
the Senior Notes. This strong cash performance has enabled the Company to reduce
further its level of long term debt and financing costs.'


ENDS


For further information, please contact:


Filtronic plc - 01274 530622

Professor David Rhodes                                  Executive Chairman & CEO
John Samuel                                             Finance Director


Binns & Co PR Ltd - 020 7786 9600

Peter Binns/Paul McManus


Filtronic website: www.filtronic.com

                      This information is provided by RNS
            The company news service from the London Stock Exchange