Trimble to Raise $38.3 Million Through Common Stock

4/11/2003 - Trimble (Nasdaq: TRMB) announced that it has priced a registered direct offering for the sale of 2.1 million shares of its common stock at a price of $18.25 per share. Gerard Klauer Mattison & Co., Inc. served as placement agent for the transaction. The offering is expected to close on April 14, 2003.

The offered shares are registered pursuant to Trimble's $100 million shelf registration statement that was declared effective by the Securities and Exchange Commission on March 28, 2003.

A Prospectus and Prospectus Supplement may be obtained from Gerard Klauer Mattison & Co., Inc., at 360 Madison Avenue, New York, NY 10017, or directly from Trimble.

About Trimble
Trimble is an innovator of Global Positioning System (GPS) technology. In addition to providing advanced GPS components, Trimble augments GPS with other positioning technologies, as well as wireless communications and software, to create complete customer solutions.

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