TESSCO's Ongoing Robust Board Refreshment Process is Identifying High Quality Directors

Mr. Barnhill is Attempting to Circumvent the Process

Board refreshment was initiated by the full Board, including Mr. Barnhill, in February 2020

In the months following February 2020, the Nominating and Governance Committee evaluated and vetted nearly 60 candidates in an effort to further refresh the Board

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2020

2020

2020

2020

2020

2020

2020

2020

2020

2020

2020

Board evaluation of governance

Board determination and announcement of

Board refresh objectives

Recruiting for Konsynski replacement

Discussions with executive search firms

*

*

Engagement with shareholders

Identification of additional Board candidates

Updates on process to full Board

Spencer Stuart active involvement

Filtering and vetting of candidates

Multiple requests for Barnhill's candidates to

participate in Board refreshment process (all rejected)

Director finalists determined

Director candidate final-round interviews

TESSCO announces addition of two independent

directors (including one with public Audit

Nov 9

Committee Chair experience)

Morton Zifferer remains on Board to provide

orderly transition for Audit Committee Chair

*June 23, July 15 - Conversations with Spencer Stuart

Sep 25

Mr. Barnhill begins consent solicitation

†Aug 26 - Discussion of director search consistent with skills/attributes matrix

Four New Independent Directors Added Since 2018

Chief Technology Officer of Kohl's

Former CTO of Dick's Sporting Goods

PAUL

and Sr. VP of IT for Home Depot

Independent Director since 2018

GAFFNEY

Former President, National Business at

AT&T

Former director at LegalShield, Inc.,

CATHY

owned by MidOcean Partners

Independent Director since 2020

MARTINE

Sr. VP and Managing Director, North

America for HP

STEPHANIE

Former VP, North America for HP

Independent Director since 2020

DISMORE

Former Vice President and Chief

Administrative Officer at Nike

Independent director at A.H. Belo

RON

Corporation

Independent Director since 2020

MCCRAY

The ongoing, methodical refreshment of TESSCO's Board ensures a Board with the right experience and

expertise to guide and oversee management at this important time in the Company's history.

EVEN IF YOU HAVE ALREADY SIGNED THE WHITE CONSENT CARD, THERE IS

STILL TIME TO SIGN AND RETURN THE GREEN CONSENT REVOCATION CARD

If you have any questions or need assistance executing your revocation, please contact TESSCO's proxy solicitor:

Innisfree M&A Incorporated

Shareholders Call Toll Free: (877) 800-5195

Banks and Brokers Call: (212) 750-5833

Forward-Looking Statements

This communication contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained herein, including statements regarding our future results of operations and financial position, strategy and plans and future prospects, and our expectations for future operations, are forward-looking statements. These forward- looking statements are based on current expectations and analysis, and actual results may differ materially from those projected. These forward-looking statements may generally be identified by the use of the words "may," "will," "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "seeks," "believes," "estimates," and similar expressions, but the absence of these words or phrases does not necessarily mean that a statement is not forward-looking. These forward-looking statements are only predictions and involve a number of risks, uncertainties and assumptions, many of which are outside of our control. Our actual results may differ materially and adversely from those described in or contemplated by any such forward-looking statement for a variety of reasons, including those risks identified in our most recent Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission (the "SEC"), under the heading "Risk Factors" and otherwise. Consequently, the reader is cautioned to consider all forward-looking statements in light of the risks to which they are subject. For additional information with respect to risks and other factors which could occur, see Tessco's Annual Report on Form 10-K for the year ended March 29, 2020, including Part I, Item 1A, "Risk Factors" therein, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other securities filings with the SEC that are available at the SEC's website at www.sec.gov and other securities regulators.

We are not able to identify or control all circumstances that could occur in the future that may materially and adversely affect our business and operating results. Without limiting the risks that we describe in our periodic reports and elsewhere, among the risks that could lead to a materially adverse impact on our business or operating results are the following: the impact and results of the consent solicitation and other activism activities by Robert B. Barnhill, Jr. and certain other participants in his consent solicitation and/or other activist investors, termination or non-renewal of limited duration agreements or arrangements with our vendors and affinity partners that are typically terminable by either party upon several months or otherwise relatively short notice; loss of significant customers or relationships, including affinity relationships; loss of customers either directly or indirectly as a result of consolidation among large wireless services carriers and others within the wireless communications industry; the strength of our customers', vendors' and affinity partners' business; negative or adverse economic conditions, including those adversely affecting consumer confidence or consumer or business spending or otherwise adversely impacting our vendors or customers, including their access to capital or liquidity, or our customers' demand for, or ability to fund or pay for, the purchase of our products and services; our dependence on a relatively small number of suppliers and vendors, which could hamper our ability to maintain appropriate inventory levels and meet customer demand; changes in customer and product mix that affect gross margin; effect of "conflict minerals" regulations on the supply and cost of certain of our products; failure of our information technology system or distribution system; system security or data protection breaches; technology changes in the wireless communications industry or technological failures, which could lead to significant inventory obsolescence and/or our inability to offer key products that our customers demand; third-party freight carrier interruption; increased competition from competitors, including manufacturers or national and regional distributors of the products we sell and the absence of significant barriers to entry which could result in pricing and other pressures on profitability and market share; our relative bargaining power and inability to negotiate favorable terms with our vendors and customers; our inability to access capital and obtain financing as and when needed; transitional and other risks associated with acquisitions of companies that we may undertake

in an effort to expand our business; claims against us for breach of the intellectual property rights of third parties; product liability claims; our inability to protect certain intellectual property, including systems and technologies on which we rely; our inability to hire or retain for any reason our key professionals, management and staff; health epidemics or pandemics or other outbreaks or events, or national or world events or disasters beyond our control; and the possibility that, for unforeseen or other reasons, we may be delayed in entering into or performing, or may fail to enter into or perform, anticipated contracts or may otherwise be delayed in realizing or fail to realize anticipated revenues or anticipated savings.

The above list should not be construed as exhaustive and should be read in conjunction with our other disclosures, including but not limited to the risk factors described in our most recent Annual Report on Form 10-K and other periodic reports filed with the SEC, under the heading "Risk Factors" and otherwise. Other risks may be described from time to time in our filings made under the securities laws. New risks emerge from time to time. It is not possible for our management to predict all risks.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. In addition, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We disclaim any duty to update any of these forward-looking statements after the date of this press release to confirm these statements to actual results or revised expectations.

Important Additional Information and Where to Find It

In connection with the consent solicitation initiated by Robert B. Barnhill, Jr. and certain other participants, TESSCO Technologies Incorporated (the "Company") has filed a consent revocation statement and accompanying GREEN consent revocation card and other relevant documents with the Securities and Exchange Commission (the "SEC"). SHAREHOLDERS ARE STRONGLY ENCOURAGED TO CAREFULLY READ THE COMPANY'S CONSENT REVOCATION STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), ACCOMPANYING GREEN CONSENT REVOCATION CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain a free copy of the consent revocation statement, any amendments or supplements to the consent revocation statement and other documents that the Company files with the SEC at the SEC's website at www. sec.gov or the Company's website at https://ir.tessco.com as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.

Certain Information Regarding Participants to the Solicitation

The Company, its directors and certain of its officers and employees will be deemed participants in the solicitation of consent revocations from the Company's shareholders. Information regarding the direct and indirect interests, by security holdings or otherwise of the Company's directors and executive officers is set forth in the Company's definitive consent revocation statement filed with the SEC on October 15, 2020. To the extent that such participants' holdings in the Company's securities change after the filing of such consent revocation statement, such changes will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC.

These documents can be found on the SEC's website at www.sec.gov or the Company's website at https://ir.tessco.com. Updated information regarding the identities of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Company's consent revocation statement in connection with the solicitation of consent revocations from the Company's shareholders and other relevant documents to be filed with the SEC.

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TESSCO Technologies Incorporated published this content on 17 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2020 13:36:03 UTC