Clarification from REMEC

Clarification from REMEC With respect to articles published in Dagens Industri Wednesday January 10 and Thursday January 11, 2001 REMEC, Inc. ("REMEC") wishes to make the following clarification. As stated in the offer document to the shareholders and holders of warrants 2000/2003 issued by Allgon AB (publ) ("Allgon") which was made public on November 12, 2000, a prerequisite for the completion of the offer is that shareholders representing at least two thirds of both capital and votes in Allgon accepts the offer. REMEC can thus not acquire neither A-shares nor B-shares, under the terms of the offer, unless shareholders representing at least two thirds of both capital and votes in Allgon accept the offer. The proxy statement, which has been sent to the shareholders of REMEC in connection with the special meeting of REMEC shareholders in order to approve the offer, states incorrectly in one section regarding the conditions of the offer, that REMEC has the right to fulfill the offer at a lower acceptance level. However, the prerequisites have been correctly stated in several other sections in the proxy statement. The prospectus and the proxy statement can be ordered by calling +46 8 700 00 10. Board of Directors, REMEC, Inc If you have any questions, please contact: Nick Randall, Chairman, REMEC Airtech, responsible for the Allgon transaction, +44 (0)860 35 24 46 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/01/11/20010111BIT00740/bit0001.doc http://www.bit.se/bitonline/2001/01/11/20010111BIT00740/bit0002.pdf