Wolfson has trebled revenue over the last five years by continually evolving, but we are not done yet. We have ambitious plans for the future, a clear strategy and, we believe, a solid path to growth.

Wolfson has a world-renowned brand for audio technology and this will continue to be the foundation of our business. We are a company with a passion for audio and over 20 years of experience in delivering mixed-signal expertise to our customers. We intend to continuously innovate to be at the forefront and catch the wave of each new application and technology, and to focus on nascent and ramping markets, characterised by feature differentiation and their potential for high unit volume.

A critical aspect of Wolfsons capability is its ability to specify new products which anticipate market needs. We invest heavily in new product development each year to retain our technology leadership

Wolfsons innovative products sit at the interface between the digital and real analogue world, touching the end user, and enabling new and exciting experiences that differentiate our customers products. With consumer expectations for multimedia performance rising inexorably, manufacturers must strive to differentiate their products at that point of user interface. With its world-renowned reputation for high performance audio and ultra low power consumption products, Wolfson offers a proven path to that essential differentiation.

The most significant recent development is our Wolfson AudioPlus™ strategy, a leap forward for Wolfson, which is enabling us to provide a portfolio of even more focused and highly differentiated products to our end

customers. We started on this path with the development of our first integrated AudioPlus™ Smart Power device, which combines power management with our renowned audio technology. We have now evolved and expanded this strategy to integrate other complementary audio technologies, enabling more exciting end user experiences. We are developing this through both in-house organic product developments and selective tuck-in acquisitions, acquisitions which are a natural, synergistic and efficient fit for our business. These enable us to bring a full suite of complementary technologies to the same customer set, sold and supported through the same channels and utilising the same manufacturing processes.

We believe our Pure Sound, Smart Power, Enhanced Soundware and True Microphone technologies truly stretch the boundaries in improving and differentiating the end user experience, helping our customers as they compete in their end markets and continually seek ways to give their product that extra edge.

Furthermore, Wolfson AudioPlus™ enables us to broaden and strengthen our customer base, supplying even more value to our existing customers and using our new technologies to open doors at new customer accounts.

At Wolfson we believe we have the right strategy for future success, the right product pipeline and also the right people. In 2007 we significantly strengthened the management and sales organisation around our highly experienced development team. Together, this combination of strategy, products, people and skills will help ensure future success and continued growth.