FISCAL YEAR 1998

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April 23, 1998 - EARNINGS RELEASE California Microwave reports $.19 for third quarter FY1998; implements segment reporting April 23, 1998 California Microwave announces strategic repositioning plan for growth April 23, 1998 California Microwave appoints new board member April 21, 1998 California Microwave completes sale of MN Division; share buyback continues April 21, 1998 California Microwave appoints Andrew Miller Vice President and Corporate Controller April 6, 1998 California Microwave's MRC Division to offer NERA Networks high-capacity radios April 6, 1998 California Microwave's MRC Division demonstrates products at NAB'98 to support digital television April 2, 1998 California Microwave appoints Thomas Bakewell Vice President and Chief Information Officer March 30, 1998 California Microwave's MRC division to offer Dynapix complete camera-to-studio wireless video system for electronic news gathering March 16, 1998 California Microwave's MRC introduces 18 GHz Digital Video Microwave System March 16, 1998 California Microwave's MRC division demonstrates simultaneous transmission of high definition and standard television signals March 2, 1998 California Microwave agrees to sell MN division; share buyback continues February 19, 1998 California Microwave's MRC Division to supply digital video studio-transmitter links to A.H. Belo stations in Dallas and Houston February 12, 1998 California Microwave completes sale of STS; announces stock buyback January 14, 1998 - EARNINGS RELEASE California Microwave Reports FY 1998 Second-Quarter Results December 22, 1997 California Microwave Agrees To Sell STS for $27 Million In Cash December 22, 1997 California Microwave Settles Class Action Securities Lawsuit December 22, 1997 California Microwave Appoints Donna S. Birks Executive Vice-President/Chief Financial Officer December 15, 1997 California Microwave Wins $12 Million Aircraft Modification Contract November 3, 1997 California Microwave Appoints Patrick Wong Vice President, Asia-Pacific November 3, 1997 California Microwave Appoints Salvatore Benti Vice President of Business Development October 24, 1997 California Microwave Provides New-Generation Dual-Use Communications Gateway System October 16, 1997 California Microwave Provides New-Generation Dual-Use Communications Gateway System October 15, 1997 - EARNINGS RELEASE California Microwave Reports FY 1998 First-Quarter Results

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FISCAL YEAR 1996 Quarter 1 July-September 1995 Quarter 2 October-December 1995 Quarter 3 January-March 1996 Quarter 4 April-June 1996	FISCAL YEAR 1997 Quarter 1 July-September 1996 Quarter 2 October-December 1996 Quarter 3 January-March 1997 Quarter 4 April-June 1997	FISCAL YEAR 1998 Quarter 1 July-September 1997

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