Wolfson Microelectronics plc (“Wolfson” or “the Company”), a leading supplier of mixed-signal semiconductors for consumer electronic products, today announces that its Board of Directors (“the Board”) has approved a plan, in accordance with the authority granted by shareholders at the Annual General Meeting on 4 June 2008, to make on-market purchases of up to 10% of the outstanding shares in issue.

Wolfson has a robust and cash generative business model and at 29 June 2008 had $84.8 million of net cash on the balance sheet. The Company continually invests in its product portfolio and new technologies to enhance its product leadership and this will remain a key strategic priority. In addition, a strong balance sheet is important when competing for new business with global consumer electronics companies.

The Board regularly reviews the level of cash on the balance sheet, taking into consideration these requirements as well as anticipated operating results and opportunities to develop the business by acquisition of complementary technologies. The Board’s decision to authorise the repurchase programme is based on its current assessment of these factors and the projected year-end cash position, and has been taken in accordance with its commitment to maintaining the right balance between balance sheet flexibility and efficiency.


Enquiries:

Wolfson Microelectronics
Dave Shrigley, Chief Executive
Mark Cubitt, Finance Director 0131 272 7000

Corfin Communications
Harry Chathli, Neil Thapar 020 7977 0020