Juno Lighting, Inc. (NASDAQ-JUNO) announced that sales for the quarter ended February 28, 2001 increased 5% to $41,538,000, compared to first quarter 2000 sales of $39,465,000. Net <loss> available to common shareholders for the first quarter of 2001 was approximately $1,909,000($<0.77> per common share on a basic and diluted basis), compared to net <loss> available to common shareholders of $<1,427,000> ($<0.59> per common share on a basic and diluted basis) for the period in 2000.

As previously reported, on June 30, 1999 the Company completed a merger and recapitalization transaction with Fremont Investors I, LLC (“Fremont”). In this transaction, 16,242,527 shares of Company’s common stock were effectively repurchased for approximately $406 million. The funding for the transaction included the Company’s available cash and marketable securities, a $106 million preferred stock investment by Fremont, $94.9 million of bank debt and $125 million of subordinate debt.

The preferred stock bears a dividend payable in kind at a rate of 2% compounded quarterly. As a result of this transaction, the Company incurred interest expense of approximately $5.3 million in the quarter ended February 28, 2001 compared to $5.7 million for the like period in 2000.

The Company will conduct a conference call on March 27, 2001 at 3:30 PM Central Standard Time. Those interested may listen to the call by dialing (888) 791-5525, pass code “JUNO” and leader “George Bilek”.

Juno lighting, Inc. is a specialist in the design, manufacturing, and marketing of lighting fixtures for commercial and residential use.

JUNO lighting Inc. 1300 S. Wolf Rd. P.O. Box 5065 Des Plaines, Ill 6017-50065 Phone 847- 827-9880 Fax 847-827-2925

(1) Adjusted EBITDA represents earnings before (a) taxes on income, (B) interest expense, (c) interest, dividend and other miscellaneous income (d) deferred compensation, and (e) depreciation and amortization. Adjusted EBITDA data is presented because management understands that such information is considered by certain investors as an additional basis on which to evaluate Juno’s ability to pay interest, repay debt and make capital expenditures. Because all companies do not calculate adjusted EBITDA identically, the presentation of adjusted EBITDA herein is not necessarily comparable to similarly entitled measures of other companies. Adjusted EBITDA is not intended to represent and should not be considered more meaningful than, or an alternative to, measures of operating performance as determined in accordance with generally accepted accounting principles.