AGM Statement

CML Microsystems PLC
31 July 2002



Press Release
                                                            31 July 2002



CML MICROSYSTEMS PLC



                            CHAIRMAN'S AGM STATEMENT





CML Microsystems plc ('the group'), which designs, manufactures and markets a
broad range of semiconductor products, primarily for the global communications
industry, held its Annual General Meeting at 12.00 noon in Maldon, Essex.



After the formal proceedings of the AGM, George Gurry, Chairman of CML
Microsystems, made the following statement regarding Group trading during the
first full quarter of this current trading year.



'Overall sales in the quarter are in line with the group's internal forecast and
show an increase over the sales for the preceding quarter, the fourth quarter of
last year. Draft results also post satisfactory earnings compared with the loss
recorded for the previous quarter.



'Increase sales into a number of Far East territories led the improvement, with
useful support coming from a firmer tone to some market areas addressed by the
group's US operation.



'However, the group's sales performance in the general European markets fell
below expectations, with several key territories failing to yield the project
business that had been forecast. Looking forward, the problems still evident in
important major markets of the group will likely continue as a brake on sales
growth, and overall our expectations for the year are unchanged.'



Ends



Enquiries:

CML Microsystems Plc
Nigel Clark; Financial Director
01621 875500



Binns & Co PR
Paul McManus
07980 541 893






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