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For Immediate Release - April 21, 1998


CALIFORNIA MICROWAVE COMPLETES SALE OF
MN DIVISION; SHARE BUYBACK CONTINUES

SUNNYVALE, CALIFORNIA - CALIFORNIA MICROWAVE, INC. (Nasdaq National Market: CMIC) announced today that on April 21, 1998, it completed the sale of its Microwave Networks Division (MN) to Tadiran Ltd.

Pursuant to the terms of the Asset Purchase Agreement announced on March 1 of this year, California Microwave was to receive $35 million in cash, adjusted for any change in net assets between December 31, 1997, and the closing of the transaction. The Agreement provides for an interim adjustment in the cash to be paid for any change in net assets between December 31, 1997, and the most recent balance sheet date. Based upon the March 31, 1998, balance sheet, California Microwave received approximately $31.5 million at the time of the closing, with the difference of $3.5 million representing cash transfers made by MN to California Microwave, and MN operating losses for the period.

Proceeds to Help Fund Share Buyback Program
On February 12, 1998, California Microwave announced that its board of directors had authorized the company to purchase, on the open market, up to three million shares of its stock, or approximately 18% of total shares outstanding, over the next six to twelve months. Initial purchases of stock commenced February 13, and it is expected that the buyback program will be further funded by proceeds from the divestiture of the MN division and available cash flows generated during the period. Purchase of the total three million shares is contingent upon continued favorable market conditions and available cash flows. California Microwave believes that a buyback is an attractive use of its divestiture proceeds and that its balance sheet and cash flows can finance investments contemplated in its strategic plan, while completing the share buyback.

California Microwave, Inc. (http://calmike.com) is a leading U.S. supplier of satellite earth station and microwave radio infrastructure products and information and collection systems.

For more information, contact:

Stephanie M. Day
Vice President
Corporate Communications
(408) 743-3429
sday@califmicro.com
Investor Information Line:
(Toll-free) 1-888-225-6789
http://www.calmike.com.
Deborah Passik
William Dunk Partners, Inc.
(919) 929-4100

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