Interim Management Statement

Filtronic PLC 14 April 2008 7am, Monday 14 April 2008 FILTRONIC PLC INTERIM MANAGEMENT STATEMENT Filtronic issues its Interim Management Statement for the period from 1 December 2007. Trading in the two continuing businesses has remained satisfactory. Point to Point continues to perform well, although at a slightly more modest level than the first half year. Despite a more subdued performance than expected in Defence Electronics, trading is anticipated to be at a similar level to the first half. The sale of the Compound Semiconductor business to RFMD was completed on 29 February 2008. Between 30 November 2007 and 29 February 2008, the Compound Semiconductor business generated £17.1m cash inclusive of net disposal proceeds. Agreement was reached with the trustees of the defined benefit pension scheme that the Company would cease contribution from the end of February 2008. Scheme assets were liquidated and the Company made an additional cash contribution to the scheme to enable the purchase of annuities with an insurance company to meet the obligation for benefits accrued to the end of February 2008. The trustees are now proceeding with the scheme wind up. Going forward the Company is providing employees with a defined contribution pension scheme. At the end of March 2008, the Company held £114m of cash after receipt of the net proceeds from the sale of Compound Semiconductors and after the contribution to the defined benefit pension scheme. The Company's shareholders in an Extraordinary General Meeting held on 28 March 2008 gave approval to the cancellation of the share premium account and capital redemption reserve. Subject to receiving Court approval, the Board will review the quantum of cash to be distributed to shareholders as a special dividend as outlined in the General Meeting circular. It is intended that this distribution will take place by 31 May 2008. There have been no other significant changes in the position of the company over the period since the publication of its half yearly financial report for the six months ended 30 November 2007. Preliminary results for the financial year ending 31 May 2008 will be announced in July 2008. Enquiries Filtronic plc John Poulter, Chairman Tel: 01274 535 610 Charles Hindson, Chief Executive Mob: 07800 706 319 Parkgreen Communications Ltd Tel: 020 7479 7933 Ben Knowles Mob: 07900 346 978 ben.knowles@parkgreenmedia.com This information is provided by RNS The company news service from the London Stock Exchange

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Filtronic (FTC)
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