AGM Statement

RNS Number:1339O
CML Microsystems PLC
30 July 2003


For Immediate Release                                            30th July 2003


                              CML MICROSYSTEMS Plc

                                 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 Stock, Essex.


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


"This concludes the formal items on today's agenda, but before moving on to
other business I will take this opportunity to comment on the results before
you, and to offer an insight into the group's trading during the opening months
of the current year.


I am sure we all feel regret that your company has incurred a trading loss in
the year just ended, however well foreshadowed this outcome may have been.


As you will see from my statement, trading conditions showed a worsening in some
key markets during the second half, most notably in the third quarter, and a
halt to the downward trend in overall sales was not seen until the final months
of the past year.


I remain very cautious about the prospects for early recovery in several of the
group's market areas, but I can now report that trading results for the first
three months of this year are modestly ahead of those for the preceding quarter.


Difficult market conditions are not deflecting your company from its pursuit of
opportunities for future growth, and the acquisition of Hyperstone AG, a German
fab-less semiconductor company, was completed earlier this month.


The acquisition of Hyperstone is expected to be earnings neutral this year and
positive thereafter."


ENDS

For further information, please contact:

CML Microsystems Plc                              Binns & Co PR Ltd
Nigel Clark, Financial Director                   Paul McManus/Peter Binns
Chris Gurry, Business Development Director        Tel: [phone]
Tel: [phone]                                 Mob: [phone]







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

END
AGMSDAFESSDSEEW