Wolfson Microelectronics PLC
21 November 2003

                          Wolfson Microelectronics plc
                                 Trading Update


At the time of Wolfson's IPO we indicated that we had recently seen significant
growth in our revenues and were experiencing encouraging market conditions.
Based on our order book for the remainder of the current financial year (ending
31st December 2003), we viewed the second half of the year with confidence.

During the second half of the year we have experienced particularly strong
sales, led by increasing demand for portable, consumer audio and imaging
products. The normal build-up of consumer products manufactured by our Original
Equipment Manufacturing customers for the Christmas period has been especially
marked this year. We have also seen a healthy build-up of our first quarter 2004
order book across a range of products.

Based on the above, we now expect the rate of growth in 2003 revenues to exceed
that experienced in 2002. The gross margin for the full year is expected to be
in line with that achieved in the first half of the year excluding our legacy
business.

Wolfson expects to announce its preliminary results for the year ended 31st
December 2003 in late February 2004.



                            20th November 2003



Enquiries

Wolfson                                                           0131 272 7000

George Elliott, CFO

Brunswick                                                         020 7404 5959

Tom Buchanan
Harry Chathli


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