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