Chairman's Statement

Filtronic PLC 29 September 2000 FILTRONIC PLC CHAIRMAN'S AGM STATEMENT Filtronic plc, a leading international designer and manufacturer of microwave and millimetre wave products for global wireless and cable telecommunications systems and electronic warfare, held its Annual General Meeting earlier today in Bradford. Chairman David Rhodes made the following remarks to shareholders: 'The Company's trading performance in the first quarter of the current financial year has been broadly in line with expectations. In the area of wireless infrastructure we are experiencing an increase in demand, both in Europe and the USA, which we expect will be sustained throughout the year and beyond. 'Good progress is still being made at our new compound semiconductor facility in Newton Aycliffe in completing the process necessary for production. As previously stated, there will be no significant sales in the first half of the current financial year and the key factor will be the rate of growth of sales during the second half. Several products are currently being developed and qualified, mainly for the mobile handset market. 'Investment is continuing in the development of power amplifier devices for base stations. A product has already been demonstrated with an efficiency three times greater than competing products and this provides the Company with confidence that substantial sales opportunities will materialise within the next twelve months. 'Overall, there is an increase in demand for the products the Company manufactures and sells, providing the Board with confidence that Filtronic will continue to have substantial growth.' Enquiries: Professor David Rhodes Chairman & Joint CEO Professor Chris Snowden Joint CEO Chris Schofield Company Secretary Filtronic plc Tel: 01274 530622 Peter Binns Mike Tate Binns & Co Tel: 020 7786 9600

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Filtronic (FTC)
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