Frequency Electronics' Anticipated Date for Listing on The NASDAQ Global Market

Frequency Electronics, Inc. (AMEX: FEI), anticipates
that its common stock will continue to be traded on the American Stock
Exchange ("AMEX") through the close of business on Monday, July 31,
2006. The Company expects that the first day of trading of its common
stock on The Nasdaq Global Market will be Tuesday, August 1, 2006,
under the ticker symbol FEIM.

   About Frequency Electronics

   Frequency Electronics, Inc. is a world leader in the design,
development and manufacture of high precision timing, frequency
control and synchronization products for space and terrestrial
applications. The Company's products are used in commercial,
government and military systems, including satellite payloads,
missiles, UAVs, piloted aircraft, GPS, secure radios, SCADA, energy
exploration and wireline and wireless communication networks. The
Company has received over 60 awards of excellence for achievements in
providing high performance electronic assemblies for over 120 space
programs. The Company invests significant resources in research and
development and strategic acquisitions world-wide to expand its
capabilities and markets. The Company's Belgium-based Gillam-FEI
subsidiary provides the Company with expertise in wireline network
synchronization, monitoring and SCADA. FEI-Zyfer in Anaheim, CA,
provides GPS and secure timing ("SAASM") capabilities for critical
military and commercial applications. The Company has an affiliate in
St. Petersburg, Russia which supplies high-quality, cost effective
quartz oscillators and components. Additionally, the Company operates
a new, modern manufacturing facility in Tianjin, China through its
wholly-owned subsidiary, FEI-Asia. Additional information is available
on FEI's website: www.frequencyelectronics.com

   Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The Statements in this press release regarding the
future constitute "forward-looking" statements pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
inability to integrate operations and personnel, actions by
significant customers or competitors, general domestic and
international economic conditions, consumer spending trends, reliance
on key customers, continued acceptance of the Company's products in
the marketplace, competitive factors, new products and technological
changes, product prices and raw material costs, dependence upon
third-party vendors, competitive developments, changes in
manufacturing and transportation costs, the availability of capital,
and other risks detailed in the Company's periodic report filings with
the Securities and Exchange Commission. By making these
forward-looking statements, the Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release.