AGM Statement

CML Microsystems PLC 1 August 2001 Press Release 1 August 2001 CML MICROSYSTEMS PLC CHAIRMAN'S AGM STATEMENT First quarter beats forecast; strong second half anticipated CML Microsystems plc, which designs, manufactures and markets a broad range of semiconductor products, primarily for the global communications industry, held its Annual General Meeting at 12.00noon in Great Baddow, Essex. Prior to the formal proceedings of the AGM, George Gurry, Chairman of CML Microsystems made the following statement to shareholders about current trading and future outlook: 'AS YOU ARE ALL NO DOUBT AWARE, THE GENERAL BUSINESS PICTURE ACROSS A NUMBER OF THE MARKET AREAS IN WHICH THE GROUP OPERATES HAS BEEN DEPRESSED IN RECENT MONTHS, AND CLEAR EVIDENCE FOR A GENERAL IMPROVEMENT IN THIS SITUATION IS NOT OBVIOUS AT THE PRESENT TIME. TRADING CONDITIONS IN THE GROUP'S DOMESTIC NORTH AMERICAN MARKETPLACE ARE PROVING PARTICULARLY DIFFICULT -- ESPECIALLY SO IN THE CASE OF WIRELESS DATA PRODUCTS -- AND THIS SITUATION CAN BE EXPECTED TO PERSIST FOR MUCH OF THIS YEAR. AGAINST THIS BACKGROUND, I AM PLEASED TO CONFIRM THAT THE GROUP IS SLIGHTLY AHEAD OF OPERATING FORECAST WITH ITS RESULTS FOR THE FIRST QUARTER, WHICH ENDED ON JUNE 30th, AND THE OUTCOME PROJECTED FOR THE OPENING HALF SHOULD POSITION THE GROUP FOR AN EXPECTEDLY STRONGER SECOND PERIOD. IN THE ABSENCE OF UNFORSEEN CIRCUMSTANCES, I REMAIN OPTIMISTIC THAT YOUR COMPANY WILL ACHIEVE IMPROVED RESULTS FOR THIS CURRENT YEAR.' Enquiries: CML Microsystems Plc Nigel Clark; Financial Director 01621 875500 Binns & Co PR Simon Ellis/Paul McManus 020 7786 9600
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