WJ Communications Announces Transition of Chief Financial Officer Position

SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 23, 2004--WJ Communications, Inc. (Nasdaq:WJCI), a leading designer and supplier of high-performance RF semiconductors and multi-chip modules, today announced that Fred J. Krupica, Chief Financial Officer, will leave WJ in September to become the CFO of a privately-held technology company. The Company has begun a search for his replacement and has named Rainer Growitz, Vice President Finance and board Secretary, as its interim Chief Financial Officer.

"We wish Fred the best of luck with his new opportunity," said Mike Farese, WJ's President and Chief Executive Officer. "Fred has played an important role in the realization of WJ's business model during the past 18 months and we thank him for his many contributions."

“Although I will be pursuing a new opportunity, I am very pleased to leave a WJ Communications that is on a very strong financial footing and poised for continued success.”

Mr. Farese concluded, "We are fortunate to have strong depth in the WJ finance team and to have Rainer Growitz available to assume the interim CFO role. His extensive experience as a senior financial officer at WJ for many years will help ease this transition period as we conduct a search for a permanent CFO."

Mr. Krupica commented, "Although I will be pursuing a new opportunity, I am very pleased to leave a WJ Communications that is on a very strong financial footing and poised for continued success."

About WJ Communications

WJ Communications Inc. is a leading RF semiconductor company focusing on the design and manufacture of high-quality devices, chipsets and multi-chip modules (MCMs) for telecommunications, RF identification (RFID) and homeland security systems worldwide. WJ's highly reliable amplifiers, mixers, RF integrated circuits (RFICs), RFID reader modules, chipsets and MCM products are used to transmit, receive and process signals that enable current and next generation wireless and wireline services. For more information visit www.wj.com or call 408/577-6200.

This release may contain forward-looking statements about the Company's future plans, expectations and objectives. Words such as "may," "will," "expect," "intend," "anticipate," "plan," "believe," "seek," "could" and "estimate" and variations of these words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not historical facts and are subject to risks and uncertainties that could cause the actual results to differ materially from those projected in these forward-looking statements including, but not limited to those risk factors described in the Company's recent quarterly report on Form 10-Q and the "Risk Factors That May Affect Future Results" section of the Company's annual report on Form 10-K as well as the Company's other filings with the Securities and Exchange Commission which are available on the SEC's website at www.sec.gov. Readers of this release are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to publicly update or revise the forward-looking statements contained herein to reflect changed events or circumstances after the date of this release.