Table of Contents

|                                 |        |                     |
|---------------------------------|--------|---------------------|
| Delaware                        |   | 36-2090085          |
| (State or other jurisdiction of |   | (I.R.S. Employer    |
| incorporation or organization)  |   | Identification No.) |

|                                                         |        |            |
|---------------------------------------------------------|--------|------------|
| 7401 West Wilson Avenue, Harwood Heights, Illinois |   | 60706-4548 |
| (Address of principal executive offices)                |   | (Zip Code) |

|                                |        |                                  |
|--------------------------------|--------|----------------------------------|
| Large accelerated filer o |   | Accelerated filer x         |
|                           |   |                             |
| Non-accelerated filer o   |   | Smaller reporting company o |

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Table of Contents

|                   |                                                                                                                                       |        |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------|--------|
|              |                                                                                                                                  | Page   |
|              |                                                                                                                                  |   |
| PART I.      | FINANCIAL INFORMATION                                                                                                                 |   |
|              |                                                                                                                                  |   |
| Item 1.           | Financial Statements                                                                                                                  |   |
|              |                                                                                                                                  |   |
|              | Condensed consolidated balance sheets as of January 29, 2011 and May 1, 2010                                                          | 2      |
|              |                                                                                                                                  |   |
|              | Condensed consolidated statements of operations (unaudited) – Three and nine months ended January 29, 2011 and January 30, 2010 | 3      |
|              |                                                                                                                                  |   |
|              | Condensed consolidated statements of cash flows (unaudited) – Nine months ended January 29, 2011 and January 30, 2010           | 4      |
|              |                                                                                                                                  |   |
|              | Notes to condensed consolidated financial statements – January 29, 2011                                                         | 5      |
|              |                                                                                                                                  |   |
| Item 2.           | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                           | 19     |
|              |                                                                                                                                  |   |
| Item 3.           | Quantitative and Qualitative Disclosure About Market Risk                                                                             | 39     |
|              |                                                                                                                                  |   |
| Item 4.           | Controls and Procedures                                                                                                               | 39     |
|              |                                                                                                                                  |   |
| PART II.     | OTHER INFORMATION                                                                                                                     |   |
|              |                                                                                                                                  |   |
| Item 1.           | Legal Proceedings                                                                                                                     | 40     |
|              |                                                                                                                                  |   |
| Item 5.           | Credit Agreement                                                                                                                      | 40     |
|              |                                                                                                                                  |   |
| Item 6.           | Exhibits                                                                                                                              | 40     |
|              |                                                                                                                                  |   |
| SIGNATURES        | 41                                                                                                                                    |
|              |                                                                                                                                  |   |
| INDEX TO EXHIBITS | 42                                                                                                                                    |

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Table of Contents

|                                                                                                                                                                 |        |                       |         |                  |         |        |         |        |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|---------|------------------|---------|--------|---------|--------|
|                                                                                                                                                            |   | As of            |    | As of       |
|                                                                                                                                                            |   | January 29, 2011 |    | May 1, 2010 |
|                                                                                                                                                            |   | (Unaudited)           |    |             |
| ASSETS                                                                                                                                                          |   |                  |    |             |    |   |
| CURRENT ASSETS                                                                                                                                                  |   |                  |    |             |    |   |
| Cash and cash equivalents                                                                                                                                       |   | $                     | 69,417  |             |    | $      | 63,821  |   |
| Accounts receivable, net                                                                                                                                        |   | 79,367                |    |             | 68,649  |   |
| Inventories:                                                                                                                                                    |   |                  |    |             |    |   |
| Finished products                                                                                                                                               |   | 7,698                 |    |             | 5,487   |   |
| Work in process                                                                                                                                                 |   | 11,318                |    |             | 7,686   |   |
| Materials                                                                                                                                                       |   | 22,938                |    |             | 16,587  |   |
|                                                                                                                                                            |   | 41,954                |    |             | 29,760  |   |
| Deferred income taxes                                                                                                                                           |   | 2,347                 |    |             | 2,272   |   |
| Prepaid and refundable income taxes                                                                                                                             |   | 879                   |    |             | 13,956  |   |
| Prepaid expenses and other current assets                                                                                                                       |   | 6,819                 |    |             | 6,138   |   |
| TOTAL CURRENT ASSETS                                                                                                                                            |   | 200,783               |    |             | 184,596 |   |
| PROPERTY, PLANT AND EQUIPMENT                                                                                                                                   |   | 294,020               |    |             | 280,750 |   |
| Less allowances for depreciation                                                                                                                                |   | 231,777               |    |             | 218,874 |   |
|                                                                                                                                                            |   | 62,243                |    |             | 61,876  |   |
| GOODWILL                                                                                                                                                        |   | 12,096                |    |             | 12,096  |   |
| INTANGIBLE ASSETS, net                                                                                                                                          |   | 17,029                |    |             | 18,811  |   |
| PRE-PRODUCTION COSTS                                                                                                                                            |   | 10,260                |    |             | 11,984  |   |
| OTHER ASSETS                                                                                                                                                    |   | 24,080                |    |             | 21,460  |   |
|                                                                                                                                                            |   | 63,465                |    |             | 64,351  |   |
| TOTAL ASSETS                                                                                                                                                    |   | $                     | 326,491 |             |    | $      | 310,823 |   |
| LIABILITIES AND EQUITY                                                                                                                                          |   |                  |    |             |    |   |
| CURRENT LIABILITIES                                                                                                                                             |   |                  |    |             |    |   |
| Accounts payable                                                                                                                                                |   | $                     | 37,819  |             |    | $      | 29,743  |   |
| Other current liabilities                                                                                                                                       |   | 28,838                |    |             | 29,002  |   |
| TOTAL CURRENT LIABILITIES                                                                                                                                       |   | 66,657                |    |             | 58,745  |   |
| OTHER LIABILITIES                                                                                                                                               |   | 8,178                 |    |             | 10,251  |   |
| DEFERRED COMPENSATION                                                                                                                                           |   | 2,583                 |    |             | 1,885   |   |
| SHAREHOLDERS’ EQUITY                                                                                                                                      |   |                  |    |             |    |   |
| Common stock, $0.50 par value, 100,000,000 shares authorized, 38,279,846 and 38,149,946 shares issued as of January 29, 2011 and May 1, 2010, respectively |   | 19,140                |    |             | 19,075  |   |
| Additional paid-in capital                                                                                                                                      |   | 68,751                |    |             | 65,991  |   |
| Accumulated other comprehensive income                                                                                                                          |   | 20,638                |    |             | 16,247  |   |
| Treasury stock, 1,342,188 shares as of January 29, 2011 and May 1, 2010                                                                                    |   | (11,377               | )       |             | (11,377 | )      |
| Retained earnings                                                                                                                                               |   | 148,512               |    |             | 146,818 |   |
| TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY                                                                                                 |   | 245,664               |    |             | 236,754 |   |
| Noncontrolling interest                                                                                                                                         |   | 3,409                 |    |             | 3,188   |   |
| TOTAL EQUITY                                                                                                                                                    |   | 249,073               |    |             | 239,942 |   |
| TOTAL LIABILITIES AND EQUITY                                                                                                                                    |   | $                     | 326,491 |             |    | $      | 310,823 |   |

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Table of Contents

|                                                                          |        |                       |         |                       |            |                       |        |                       |        |        |            |        |        |   |         |        |
|--------------------------------------------------------------------------|--------|-----------------------|---------|-----------------------|------------|-----------------------|--------|-----------------------|--------|--------|------------|--------|--------|---|---------|--------|
|                                                                     |   | Three Months Ended    |    | Nine Months Ended     |
|                                                                     |   | January 29, 2011 |    | January 30, 2010 |       | January 29, 2011 |   | January 30, 2010 |
| INCOME                                                                   |   |                  |    |                  |       |                  |   |                  |   |   |       |   |
| Net sales                                                                |   | $                     | 101,263 |                  |       | $                     | 89,127 |                  |   | $      | 306,163    |   |   | $ | 277,398 |   |
| Other                                                                    |   | 839                   |    |                  | 1,116      |                  |   | 2,644                 |   |   | 3,575      |   |
|                                                                     |   | 102,102               |    |                  | 90,243     |                  |   | 308,807               |   |   | 280,973    |   |
| COSTS AND EXPENSES                                                       |   |                  |    |                  |       |                  |   |                  |   |   |       |   |
| Cost of products sold                                                    |   | 82,668                |    |                  | 74,924     |                  |   | 245,522               |   |   | 223,617    |   |
| Restructuring                                                            |   | —               |    |                  | 559        |                  |   | (21                   | )      |   | 7,327      |   |
| Selling and administrative expenses                                      |   | 15,496                |    |                  | 17,075     |                  |   | 53,149                |   |   | 49,358     |   |
|                                                                     |   | 98,164                |    |                  | 92,558     |                  |   | 298,650               |   |   | 280,302    |   |
| Income/(loss) from operations                                            |   | 3,938                 |    |                  | (2,315     | )                     |   | 10,157                |   |   | 671        |   |
| Interest expense, net                                                    |   | 116                   |    |                  | 22         |                  |   | 203                   |   |   | 169        |   |
| Other (income)/expense, net                                              |   | (490                  | )       |                  | (264       | )                     |   | 693                   |   |   | (12        | )      |
| Income/(loss) before income taxes                                        |   | 4,312                 |    |                  | (2,073     | )                     |   | 9,261                 |   |   | 514        |   |
| Income tax (benefit)/expense                                             |   | (1,499                | )       |                  | 2,249      |                  |   | (89                   | )      |   | 2,760      |   |
| Net income/(loss)                                                        |   | 5,811                 |    |                  | (4,322     | )                     |   | 9,350                 |   |   | (2,246     | )      |
| Less: Net income/(loss) attributable to noncontrolling interest          |   | (72                   | )       |                  | 153        |                  |   | (85                   | )      |   | 195        |   |
| NET INCOME/(LOSS) ATTRIBUTABLE TO METHODE ELECTRONICS, INC.         |   | $                     | 5,883   |                  |       | (4,475                | )      |                  | $      | 9,435  |       |   | (2,441 | ) |
| Amounts per common share attributable to Methode Electronics, Inc.: |   |                  |    |                  |       |                  |   |                  |   |   |       |   |
| Basic                                                                    |   | $                     | 0.16    |                  |       | $                     | (0.12  | )                     |   | $      | 0.25       |   |   | $ | (0.07   | )      |
| Diluted                                                                  |   | $                     | 0.16    |                  |       | $                     | (0.12  | )                     |   | $      | 0.25       |   |   | $ | (0.07   | )      |
| Cash dividends:                                                          |   |                  |    |                  |       |                  |   |                  |   |   |       |   |
| Common stock                                                             |   | $                     | 0.07    |                  |       | $                     | 0.07   |                  |   | $      | 0.21       |   |   | $ | 0.21    |   |
| Weighted average number of Common Shares outstanding:                    |   |                  |    |                  |       |                  |   |                  |   |   |       |   |
| Basic                                                                    |   | 37,144,021            |    |                  | 36,644,127 |                  |   | 37,087,538            |   |   | 36,641,637 |   |
| Diluted                                                                  |   | 37,641,135            |    |                  | 36,644,127 |                  |   | 37,406,937            |   |   | 36,641,637 |   |

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Table of Contents

|                                                                                          |        |                       |        |                       |         |        |        |        |
|------------------------------------------------------------------------------------------|--------|-----------------------|--------|-----------------------|---------|--------|--------|--------|
|                                                                                     |   | Nine Months Ended     |
|                                                                                     |   | January 29, 2011 |   | January 30, 2010 |
| OPERATING ACTIVITIES                                                                     |   |                  |   |                  |    |   |
| Net income/(loss)                                                                        |   | $                     | 9,350  |                  |    | $      | (2,246 | )      |
| Adjustments to reconcile net income/(loss) to net cash provided by operating activities: |   |                  |   |                  |    |   |
| Provision for depreciation                                                               |   | 9,842                 |   |                  | 13,691  |   |
| Impairment of tangible assets                                                            |   | 1,299                 |   |                  | 710     |   |
| Amortization of intangibles                                                              |   | 1,782                 |   |                  | 1,689   |   |
| Amortization of stock awards and stock options                                           |   | 1,907                 |   |                  | 724     |   |
| Changes in operating assets and liabilities                                              |   | (4,615                | )      |                  | 1,319   |   |
| Other                                                                                    |   | 33                    |   |                  | — |   |
| NET CASH PROVIDED BY OPERATING ACTIVITIES                                                |   | 19,598                |   |                  | 15,887  |   |
| INVESTING ACTIVITIES                                                                     |   |                  |   |                  |    |   |
| Purchases of property, plant and equipment                                               |   | (9,758                | )      |                  | (7,816  | )      |
| Purchase of investment                                                                   |   | (750                  | )      |                  | — |   |
| Acquisition of technology licenses                                                       |   | —               |   |                  | (440    | )      |
| Proceeds from life insurance policies                                                    |   | 1,515                 |   |                  | 2,407   |   |
| NET CASH USED IN INVESTING ACTIVITIES                                                    |   | (8,993                | )      |                  | (5,849  | )      |
| FINANCING ACTIVITIES                                                                     |   |                  |   |                  |    |   |
| Proceeds from exercise of stock options                                                  |   | 1,097                 |   |                  | — |   |
| Cash dividends                                                                           |   | (7,741                | )      |                  | (7,823  | )      |
| NET CASH USED IN FINANCING ACTIVITIES                                                    |   | (6,644                | )      |                  | (7,823  | )      |
| Effect of foreign currency exchange rate changes on cash                                 |   | 1,635                 |   |                  | 1,000   |   |
| INCREASE IN CASH AND CASH EQUIVALENTS                                                    |   | 5,596                 |   |                  | 3,215   |   |
| Cash and cash equivalents at beginning of period                                         |   | 63,821                |   |                  | 54,030  |   |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD                                               |   | $                     | 69,417 |                  |    | $      | 57,245 |   |

----

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|                                                                    |             |        |        |
|--------------------------------------------------------------------|-------------|--------|--------|
|                                                               | Other Costs |
| Accrued balance at May 1, 2010                                     | $           | 420    |   |
|                                                               |        |   |
| Payments during the first, second and third quarter of fiscal 2011 | (140        | )      |
| Accrued balance at January 29, 2011                                | $           | 280    |   |

|                                                           |        |                           |         |            |         |        |         |        |        |   |         |        |
|-----------------------------------------------------------|--------|---------------------------|---------|------------|---------|--------|---------|--------|--------|---|---------|--------|
|                                                      |   | One-TimeEmployeeSeverance |    | OtherCosts |    | Total  |
| Accrued balance at May 1, 2010                            |   | $                         | 117     |       |    | $      | 38      |   |   | $ | 155     |   |
| Payments during the first quarter of fiscal 2011          |   | (96                       | )       |       | (38     | )      |    | (134   | )      |
| Accrued balance at July 31, 2010                          |   | $                         | 21      |       |    | $      | — |   |   | $ | 21      |   |
| Accrual reversal during the second quarter of fiscal 2011 |   | (21                       | )       |       | — |   |    | (21    | )      |
| Accrued balance at January 29, 2011                       |   | $                         | — |       |    | $      | — |   |   | $ | — |   |

----

|                                   |        |                                     |        |                                    |        |                |        |        |        |              |        |                |        |       |        |        |        |        |        |        |        |   |     |        |
|-----------------------------------|--------|-------------------------------------|--------|------------------------------------|--------|----------------|--------|--------|--------|--------------|--------|----------------|--------|-------|--------|--------|--------|--------|--------|--------|--------|---|-----|--------|
|                              |   | Three Months Ended January 29, 2011 |   | Nine Months Ended January 29, 2011 |
|                              |   |                                |   | Methode                            |   | Noncontrolling |   |   |   | Methode      |   | Noncontrolling |
|                              |   | Total                               |   | Shareholders                       |   | Interest       |   | Total  |   | Shareholders |   | Interest       |
| Net income/(loss)                 |   | $                                   | 5,811  |                               |   | $              | 5,883  |   |   | $            | (72    | )              |   | $     | 9,350  |   |   | $      | 9,435  |   |   | $ | (85 | )      |
| Translation adjustment            |   | (1,122                              | )      |                               | (1,124 | )              |   | 2      |   |         | 4,660  |           |   | 4,391 |   |   | 269    |   |
| Total comprehensive income/(loss) |   | $                                   | 4,689  |                               |   | $              | 4,759  |   |   | $            | (70    | )              |   | $     | 14,010 |   |   | $      | 13,826 |   |   | $ | 184 |   |

|                                   |        |                                     |        |                                    |        |                |        |        |        |              |        |                |        |        |        |        |        |        |        |        |        |        |     |        |
|-----------------------------------|--------|-------------------------------------|--------|------------------------------------|--------|----------------|--------|--------|--------|--------------|--------|----------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-----|--------|
|                              |   | Three Months Ended January 30, 2010 |   | Nine Months Ended January 30, 2010 |
|                              |   |                                |   | Methode                            |   | Noncontrolling |   |   |   | Methode      |   | Noncontrolling |
|                              |   | Total                               |   | Shareholders                       |   | Interest       |   | Total  |   | Shareholders |   | Interest       |
| Net income/(loss)                 |   | $                                   | (4,322 | )                                  |   | (4,475         | )      |   | $      | 153          |   |           | $      | (2,246 | )      |   | (2,441 | )      |   | $      | 195    |   |
| Translation adjustment            |   | (4,613                              | )      |                               | (4,442 | )              |   | (171   | )      |         | 3,603  |           |   | 3,418  |   |   | 185    |   |
| Total comprehensive income/(loss) |   | $                                   | (8,935 | )                                  |   | $              | (8,917 | )      |   | $            | (18    | )              |   | $      | 1,357  |   |   | $      | 977    |   |   | $      | 380 |   |

|                                                              |        |                                    |        |          |         |        |        |         |        |   |        |        |
|--------------------------------------------------------------|--------|------------------------------------|--------|----------|---------|--------|--------|---------|--------|---|--------|--------|
|                                                         |   | Nine Months Ended January 29, 2011 |
|                                                         |   |                               |   | Power    |    |   |
|                                                         |   | Interconnect                       |   | Products |    | Total  |
| Balance as of May 1, 2010                                    |   | $                                  | 11,146 |     |    | $      | 950    |    |   | $ | 12,096 |   |
| Attributable to acquisitions                                 |   | —                            |   |     | — |   |   | — |   |
| Adjustments due to earn-out                                  |   | —                            |   |     | — |   |   | — |   |
| Adjustments due to finalization of purchase price allocation |   | —                            |   |     | — |   |   | — |   |
| Balance as of January 29, 2011                               |   | $                                  | 11,146 |     |    | $      | 950    |    |   | $ | 12,096 |   |

----

|                                                              |        |                                    |        |          |         |        |        |         |        |   |        |        |
|--------------------------------------------------------------|--------|------------------------------------|--------|----------|---------|--------|--------|---------|--------|---|--------|--------|
|                                                         |   | Nine Months Ended January 30, 2010 |
|                                                         |   |                               |   | Power    |    |   |
|                                                         |   | Interconnect                       |   | Products |    | Total  |
| Balance as of May 2, 2009                                    |   | $                                  | 11,146 |     |    | $      | 625    |    |   | $ | 11,771 |   |
| Attributable to acquisitions                                 |   | —                            |   |     | — |   |   | — |   |
| Adjustments due to earn-out                                  |   | —                            |   |     | — |   |   | — |   |
| Adjustments due to finalization of purchase price allocation |   | —                            |   |     | — |   |   | — |   |
| Balance as of January 30, 2010                               |   | $                                  | 11,146 |     |    | $      | 625    |    |   | $ | 11,771 |   |

|                                              |        |                        |        |              |        |        |        |                      |        |        |        |        |        |        |        |
|----------------------------------------------|--------|------------------------|--------|--------------|--------|--------|--------|----------------------|--------|--------|--------|--------|--------|--------|--------|
|                                         |   | As of January 29, 2011 |
|                                         |   |                   |   |         |   |   |   | Wtd. Avg.       |
|                                         |   |                   |   |         |   |   |   | Remaining            |
|                                         |   |                   |   | Accumulated  |   |   |   | Amortization         |
|                                         |   | Gross                  |   | Amortization |   | Net    |   | Periods (Years) |
| Customer relationships and agreements        |   | $                      | 14,995 |         |   | $      | 13,337 |                 |   | $      | 1,658  |   |   | 12.9   |   |
| Trade names, patents and technology licenses |   | 23,774                 |   |         | 8,464  |   |   | 15,310               |   |   | 12.8   |   |
| Covenants not to compete                     |   | 480                    |   |         | 419    |   |   | 61                   |   |   | 1.1    |   |
| Total                                        |   | $                      | 39,249 |         |   | $      | 22,220 |                 |   | $      | 17,029 |   |   |   |

|                                              |        |                   |        |              |        |        |        |                      |        |        |        |        |        |        |        |
|----------------------------------------------|--------|-------------------|--------|--------------|--------|--------|--------|----------------------|--------|--------|--------|--------|--------|--------|--------|
|                                         |   | As of May 1, 2010 |
|                                         |   |              |   |         |   |   |   | Wtd. Avg.       |
|                                         |   |              |   |         |   |   |   | Remaining            |
|                                         |   |              |   | Accumulated  |   |   |   | Amortization         |
|                                         |   | Gross             |   | Amortization |   | Net    |   | Periods (Years) |
| Customer relationships and agreements        |   | $                 | 14,995 |         |   | $      | 13,066 |                 |   | $      | 1,929  |   |   | 13.7   |   |
| Trade names, patents and technology licenses |   | 23,774            |   |         | 6,991  |   |   | 16,783               |   |   | 13.0   |   |
| Covenants not to compete                     |   | 480               |   |         | 381    |   |   | 99                   |   |   | 1.8    |   |
| Total                                        |   | $                 | 39,249 |         |   | $      | 20,438 |                 |   | $      | 18,811 |   |   |   |

|      |       |        |        |
|------|-------|--------|--------|
| 2011 | $     | 2,335  |   |
| 2012 | 1,821 |   |
| 2013 | 1,444 |   |
| 2014 | 1,332 |   |
| 2015 | 1,243 |   |

----

|                                                  |        |                              |        |                       |        |        |       |        |
|--------------------------------------------------|--------|------------------------------|--------|-----------------------|--------|--------|-------|--------|
|                                             |   | Three Months Ended |
|                                             |   | January 29, 2011        |   | January 30, 2010 |
| Income tax provision/(benefit) at statutory rate |   | $                            | 1,504  |                  |   | $      | (726  | )      |
| Effect of:                                       |   |                         |   |                  |   |   |
| State income taxes, net of federal benefit       |   | 55                           |   |                  | 325    |   |
| Foreign operations with lower statutory rates    |   | (2,801                       | )      |                  | (2,341 | )      |
| Valuation allowance                              |   | 2,305                        |   |                  | 2,876  |   |
| Uncertain tax positions                          |   | (2,582                       | )      |                  | (3,152 | )      |
| Other, net                                       |   | 20                           |   |                  | 5,267  |   |
| Income tax provision                             |   | $                            | (1,499 | )                     |   | $      | 2,249 |   |

|                                               |        |                       |        |                       |        |        |       |        |
|-----------------------------------------------|--------|-----------------------|--------|-----------------------|--------|--------|-------|--------|
|                                          |   | Nine Months Ended     |
|                                          |   | January 29, 2011 |   | January 30, 2010 |
| Income tax provision at statutory rate        |   | $                     | 3,241  |                  |   | $      | 180   |   |
| Effect of:                                    |   |                  |   |                  |   |   |
| State income taxes, net of federal benefit    |   | 102                   |   |                  | 449    |   |
| Foreign operations with lower statutory rates |   | (8,500                | )      |                  | (5,082 | )      |
| Valuation allowance                           |   | 8,286                 |   |                  | 5,278  |   |
| Uncertain tax positions                       |   | (2,582                | )      |                  | (3,152 | )      |
| Other, net                                    |   | (636                  | )      |                  | 5,087  |   |
| Income tax provision/(benefit)                |   | $                     | (89    | )                     |   | $      | 2,760 |   |

|                                                     |         |        |        |
|-----------------------------------------------------|---------|--------|--------|
| Balance at May 1, 2010                              | $       | 2,782  |   |
| Increases for positions related to the current year | — |   |
| Decreases for positions related to the prior years  | (494    | )      |
| Settlements                                         | — |   |
| Lapsing of statutes of limitations                  | (1,703  | )      |
| Balance at January 29, 2011                         | $       | 585    |   |

----

|                                        |        |                       |        |                       |            |        |
|----------------------------------------|--------|-----------------------|--------|-----------------------|------------|--------|
|                                   |   | Nine Months Ended     |
|                                   |   | January 29, 2011 |   | January 30, 2010 |
| Balance at the beginning of the period |   | 38,149,946            |   |                  | 38,290,776 |   |
| Options exercised                      |   | 135,900               |   |                  | —    |   |
| Restricted stock awards vested         |   | 24,000                |   |                  | 24,449     |   |
| Treasury stock adjustment              |   | (30,000               | )      |                  | —    |   |
| Balance at the end of the period       |   | 38,279,846            |   |                  | 38,315,225 |   |

----

Table of Contents

|                                 |        |                                           |        |                     |       |        |        |
|---------------------------------|--------|-------------------------------------------|--------|---------------------|-------|--------|--------|
|                            |   | Summary of Option Activity |
|                            |   |                                      |   | Wtd. Avg.      |
|                            |   | Shares                                    |   | Exercise Price |
| Outstanding at May 1, 2010 |   | 529,776                                   |   |                | $     | 10.10  |   |
| Exercised                       |   | (135,900                                  | )      |                | 6.68  |   |
| Forfeited and Expired           |   | (96,934                                   | )      |                | 13.03 |   |
| Outstanding at January 29, 2011 |   | 296,942                                   |   |                | $     | 10.71  |   |

|                                                                            |        |         |        |                |        |                   |        |        |        |        |
|----------------------------------------------------------------------------|--------|---------|--------|----------------|--------|-------------------|--------|--------|--------|--------|
| Options Outstanding andExercisable at January 29, 2011 |
|                                                                       |   |    |   | Wtd. Avg. |   | Avg.              |
| Range of                                                              |   |    |   | Exercise       |   | Remaining         |
| Exercise Prices                                                       |   | Shares  |   | Price          |   | Life (Years) |
| $7.45 - $7.69                                                              |   | 14,600  |   |           | $      | 7.61              |   |   | 0.4    |   |
| $8.53 - $11.44                                                             |   | 282,342 |   |           | 10.87  |              |   | 1.8    |   |
|                                                                       |   | 296,942 |   |           | $      | 10.71             |   |   |   |

|                                 |        |                                           |        |                     |         |        |        |
|---------------------------------|--------|-------------------------------------------|--------|---------------------|---------|--------|--------|
|                            |   | Summary of Option Activity |
|                            |   |                                      |   | Wtd. Avg.      |
|                            |   | Shares                                    |   | Exercise Price |
| Outstanding at May 1, 2010 |   | 595,500                                   |   |                | $       | 4.77   |   |
| Granted                         |   | 125,000                                   |   |                | 10.55   |   |
| Exercised                       |   | —                                   |   |                | — |   |
| Cancelled                       |   | —                                   |   |                | — |   |
| Outstanding at January 29, 2011 |   | 720,500                                   |   |                | $       | 5.77   |   |

|                                                  |        |        |        |                   |        |        |        |        |
|--------------------------------------------------|--------|--------|--------|-------------------|--------|--------|--------|--------|
| Options Outstandingat January 29, 2011 |
|                                             |   |   |   | Avg.              |
|                                             |   |   |   | Remaining         |
| Exercise Price                              |   | Shares |   | Life (Years) |
| $                                                | 2.72   |   |   | 285,000           |   |   | 8.1    |   |
| $                                                | 6.46   |   |   | 275,000           |   |   | 8.4    |   |
| $                                                | 8.13   |   |   | 35,500            |   |   | 8.9    |   |
| $                                                | 10.55  |   |   | 125,000           |   |   | 9.5    |   |
| $                                                | 5.77   |   |   | 720,500           |   |   |   |

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Table of Contents

|                                        |        |                  |        |                  |            |                  |        |            |        |   |      |        |
|----------------------------------------|--------|------------------|--------|------------------|------------|------------------|--------|------------|--------|---|------|--------|
|                                   |   | Fiscal 2009 |   | Fiscal 2010 |       | Fiscal 2011 |
|                                   |   | Awards           |   | Awards           |       | Awards           |
| Average expected volatility            |   | 69.58            | %      |             | 86.88      | %                |   | 85.59      | %      |
| Average risk-free interest rate        |   | 1.39             | %      |             | 1.43       | %                |   | 1.09       | %      |
| Dividend yield                         |   | 2.26             | %      |             | 2.77       | %                |   | 3.63       | %      |
| Expected life of options               |   | 6.87 years       |   |             | 6.87 years |             |   | 7.03 years |   |
| Weighted-average grant-date fair value |   | $                | 1.46   |             |       | $                | 4.02   |       |   | $ | 5.88 |   |

|                                 |        |                                           |        |                                    |         |         |        |
|---------------------------------|--------|-------------------------------------------|--------|------------------------------------|---------|---------|--------|
|                            |   | Summary of Option Activity |
|                            |   | Shares                                    |   | Wtd. Avg. Exercise Price |
| Outstanding at May 1, 2010 |   | —                                   |   |                               | $       | — |   |
| Granted                         |   | 128,000                                   |   |                               | 9.24    |    |
| Exercised                       |   | —                                   |   |                               | — |    |
| Cancelled                       |   | —                                   |   |                               | — |    |
| Outstanding at January 29, 2011 |   | 128,000                                   |   |                               | $       | 9.24    |   |

|                                                            |        |        |        |                                  |        |        |     |        |
|------------------------------------------------------------|--------|--------|--------|----------------------------------|--------|--------|-----|--------|
| Options Outstandingat January 29, 2011 |
| Exercise Price                                        |   | Shares |   | Avg. Remaining Life (Years) |
| $                                                          | 9.24   |   |   | 128,000                          |   |   | 9.7 |   |

|                                        |                  |      |        |
|----------------------------------------|------------------|------|--------|
|                                   | Fiscal 2011 |
|                                   | Awards           |
| Average expected volatility            | 85.83            | %    |
| Average risk-free interest rate        | 0.60             | %    |
| Dividend yield                         | 3.49             | %    |
| Expected life of options               | 7.03 years       |
| Weighted-average grant-date fair value | $                | 5.19 |   |

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Table of Contents

|                                           |         |        |
|-------------------------------------------|---------|--------|
|                                      | RSA     |
|                                      | Shares  |
| Unvested and unissued at May 1, 2010 | 25,350  |   |
| Awarded                                   | 24,000  |   |
| Vested                                    | (24,000 | )      |
| Forfeited and Cancelled                   | (2,548  | )      |
| Unvested and unissued at January 29, 2011 | 22,802  |   |

|                   |        |        |        |                     |                                  |                        |                       |                                                |                       |                                              |         |        |        |         |        |
|-------------------|--------|--------|--------|---------------------|----------------------------------|------------------------|-----------------------|------------------------------------------------|-----------------------|----------------------------------------------|---------|--------|--------|---------|--------|
|              |   |   |   |                |                             | Weighted Average Value |                  | Probable Unearned Compensation Expense at |                  | Target Unearned Compensation Expense at |
| Grant Fiscal Year |   | RSAs   |   | Vesting Period |                             |                   | January 29, 2011 |                                           | January 29, 2011 |
| 2008              |   | 666    |   |                | 3-year equal annual installments |                   | $                     | 11.74                                          |                  |                                         | — |   |   | — |   |
| 2009              |   | 22,136 |   |                | 3-year equal annual installments |                   | 10.75                 |                                           |                  | 22                                           |    |   | 22     |    |

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Table of Contents

|                                           |         |        |         |        |
|-------------------------------------------|---------|--------|---------|--------|
|                                      | RSA     | RSU    |
|                                      | Shares  | Shares |
| Unvested and unissued at May 1, 2010 | — |   | — |   |
| Awarded                                   | 640,000 |   | 320,000 |   |
| Vested                                    | — |   | — |   |
| Forfeited and Cancelled                   | — |   | — |   |
| Unvested and unissued at January 29, 2011 | 640,000 |   | 320,000 |   |

|                   |        |         |        |                |                                   |                        |                  |                                                |                  |                                              |        |        |        |        |   |       |        |
|-------------------|--------|---------|--------|----------------|-----------------------------------|------------------------|------------------|------------------------------------------------|------------------|----------------------------------------------|--------|--------|--------|--------|---|-------|--------|
|              |   |    |   |           |                              | Weighted Average Value |             | Probable Unearned Compensation Expense at |             | Target Unearned Compensation Expense at |
| Grant Fiscal Year |   | RSA/RSU |   | Vesting Period |                              |                   | January 29, 2011 |                                           | January 29, 2011 |
| 2011              |   | 640,000 |   |           | 5-year cliff, performance based   |                   | $                | 9.70                                           |             |                                         | $      | 5,476  |   |   | $ | 5,476 |   |
| 2011              |   | 320,000 |   |           | 5-year, equal annual installments |                   | 9.70             |                                           |             | 2,381                                        |   |   | 2,381  |   |

|                                                                                                 |        |                       |        |                       |            |                       |        |                       |        |        |            |        |        |   |       |   |
|-------------------------------------------------------------------------------------------------|--------|-----------------------|--------|-----------------------|------------|-----------------------|--------|-----------------------|--------|--------|------------|--------|--------|---|-------|---|
|                                                                                            |   | Three Months Ended    |   | Nine Months Ended     |
|                                                                                            |   | January 29, 2011 |   | January 30, 2010 |       | January 29, 2011 |   | January 30, 2010 |
| Numerator - net income/(loss) attributable to Methode Electronics, Inc.                    |   | $                     | 5,883  |                  |       | (4,475                | )      |                  | $      | 9,435  |       |   | (2,441 | ) |
| Denominator:                                                                                    |   | —               |   |                  | —    |                  |   | —               |   |   | —    |   |
| Denominator for basic loss per share-weighted average shares                                    |   | 37,144,021            |   |                  | 36,644,127 |                  |   | 37,087,538            |   |   | 36,641,637 |   |
| Dilutive potential common shares-employee stock options                                         |   | 497,114               |   |                  | —    |                  |   | 319,399               |   |   | —    |   |
| Denominator for diluted loss per share adjusted weighted average shares and assumed conversions |   | 37,641,135            |   |                  | 36,644,127 |                  |   | 37,406,937            |   |   | 36,641,637 |   |
| Net income/(loss) per share:                                                                    |   |                  |   |                  |       |                  |   |                  |   |   |       |   |
| Basic and diluted                                                                               |   | $                     | 0.16   |                  |       | $                     | (0.12  | )                     |   | $      | 0.25       |   |   | $ | (0.07 | ) |

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|                                     |        |                                     |        |              |        |               |        |        |        |              |        |              |        |        |        |        |         |        |         |        |        |   |         |        |
|-------------------------------------|--------|-------------------------------------|--------|--------------|--------|---------------|--------|--------|--------|--------------|--------|--------------|--------|--------|--------|--------|---------|--------|---------|--------|--------|---|---------|--------|
|                                |   | Three Months Ended January 29, 2011 |
|                                |   | Automotive                          |   | Interconnect |   | PowerProducts |   | Other  |   | Eliminations |   | Consolidated |
| Net sales                           |   | $                                   | 53,871 |         |   | $             | 32,911 |   |   | $            | 13,060 |         |   | $      | 3,354  |   |    | $      | 1,933   |   |   | $ | 101,263 |   |
| Transfers between segments          |   | (1,471                              | )      |         | (316   | )             |   | (97    | )      |         | (49    | )            |   | (1,933 | )      |   | — |   |
| Net sales to unaffiliated customers |   | $                                   | 52,400 |         |   | $             | 32,595 |   |   | $            | 12,963 |         |   | $      | 3,305  |   |    | $      | — |   |   | $ | 101,263 |   |
|                                |   |                                |   |         |   |          |   |   |   |         |   |         |
| Segment income (loss)               |   | $                                   | 5,272  |         |   | $             | 4,152  |   |   | $            | 923    |         |   | $      | (635   | )      |    | $      | — |   |   | $ | 9,712   |   |
| Corporate expenses, net             |   |                                |   |         |   |          |   |   |   |         |   |         |   |   |   |   | (5,400  | )      |
| Income before income taxes          |   |                                |   |         |   |          |   |   |   |         |   |         |   |   |   |   | $       | 4,312  |    |

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|                                                      |        |                                     |        |              |        |               |        |        |        |              |         |              |        |         |        |        |         |        |         |        |        |   |        |        |
|------------------------------------------------------|--------|-------------------------------------|--------|--------------|--------|---------------|--------|--------|--------|--------------|---------|--------------|--------|---------|--------|--------|---------|--------|---------|--------|--------|---|--------|--------|
|                                                 |   | Three Months Ended January 30, 2010 |
|                                                 |   | Automotive                          |   | Interconnect |   | PowerProducts |   | Other  |   | Eliminations |    | Consolidated |
| Net sales                                            |   | $                                   | 43,631 |         |   | $             | 33,865 |   |   | $            | 9,603   |         |   | $       | 2,146  |   |    | $      | 118     |   |   | $ | 89,127 |   |
| Transfers between segments                           |   | —                             |   |         | (54    | )             |   | (53    | )      |         | (11     | )            |   | (118    | )      |   | — |   |
| Net sales to unaffiliated customers                  |   | $                                   | 43,631 |         |   | $             | 33,811 |   |   | $            | 9,550   |         |   | $       | 2,135  |   |    | $      | — |   |   | $ | 89,127 |   |
|                                                 |   |                                |   |         |   |          |   |   |   |         |    |         |
| Segment income (loss) before restructuring charge    |   | $                                   | (449   | )            |   | $             | 3,574  |   |   | $            | 1,152   |         |   | $       | (981   | )      |    | $      | — |   |   | $ | 3,296  |   |
| Restructuring                                        |   | (420                                | )      |         | (46    | )             |   | (93    | )      |         | — |         |   | — |   |   | (559    | )      |
| Segment income (loss) including restructuring charge |   | $                                   | (869   | )            |   | $             | 3,528  |   |   | $            | 1,059   |         |   | $       | (981   | )      |    | $      | — |   |   | $ | 2,737  |   |
| Corporate expenses, net                              |   |                                |   |         |   |          |   |   |   |         |    |         |   |    |   |   | (4,810  | )      |
| Loss before income taxes                             |   |                                |   |         |   |          |   |   |   |         |    |         |   |    |   |   | $       | (2,073 | )       |

|                                     |        |                                    |         |              |        |               |         |        |        |              |        |              |        |        |        |        |         |        |         |        |        |   |         |        |
|-------------------------------------|--------|------------------------------------|---------|--------------|--------|---------------|---------|--------|--------|--------------|--------|--------------|--------|--------|--------|--------|---------|--------|---------|--------|--------|---|---------|--------|
|                                |   | Nine Months Ended January 29, 2011 |
|                                |   | Automotive                         |    | Interconnect |   | PowerProducts |    | Other  |   | Eliminations |   | Consolidated |
| Net sales                           |   | $                                  | 157,946 |         |   | $             | 104,475 |   |   | $            | 36,775 |         |   | $      | 9,534  |   |    | $      | 2,567   |   |   | $ | 306,163 |   |
| Transfers between segments          |   | (1,471                             | )       |         | (752   | )             |    | (244   | )      |         | (100   | )            |   | (2,567 | )      |   | — |   |
| Net sales to unaffiliated customers |   | $                                  | 156,475 |         |   | $             | 103,723 |   |   | $            | 36,531 |         |   | $      | 9,434  |   |    | $      | — |   |   | $ | 306,163 |   |
|                                |   |                               |    |         |   |          |    |   |   |         |   |         |
| Segment income (loss)               |   | $                                  | 8,242   |         |   | $             | 13,678  |   |   | $            | 2,549  |         |   | $      | (1,637 | )      |    | $      | — |   |   | $ | 22,832  |   |
| Corporate expenses, net             |   |                               |    |         |   |          |    |   |   |         |   |         |   |   |   |   | (13,571 | )      |
| Income before income taxes          |   |                               |    |         |   |          |    |   |   |         |   |         |   |   |   |   | $       | 9,261  |    |

|                                                      |        |                                    |         |              |        |               |        |        |        |              |         |              |        |         |        |        |         |        |         |        |        |   |         |        |
|------------------------------------------------------|--------|------------------------------------|---------|--------------|--------|---------------|--------|--------|--------|--------------|---------|--------------|--------|---------|--------|--------|---------|--------|---------|--------|--------|---|---------|--------|
|                                                 |   | Nine Months Ended January 30, 2010 |
|                                                 |   | Automotive                         |    | Interconnect |   | PowerProducts |   | Other  |   | Eliminations |    | Consolidated |
| Net sales                                            |   | $                                  | 151,597 |         |   | $             | 88,634 |   |   | $            | 30,430  |         |   | $       | 7,273  |   |    | $      | 536     |   |   | $ | 277,398 |   |
| Transfers between segments                           |   | —                            |    |         | (181   | )             |   | (307   | )      |         | (48     | )            |   | (536    | )      |   | — |   |
| Net sales to unaffiliated customers                  |   | $                                  | 151,597 |         |   | $             | 88,453 |   |   | $            | 30,123  |         |   | $       | 7,225  |   |    | $      | — |   |   | $ | 277,398 |   |
|                                                 |   |                               |    |         |   |          |   |   |   |         |    |         |
| Segment income (loss) before restructuring charge    |   | $                                  | 11,975  |         |   | $             | 6,790  |   |   | $            | 2,793   |         |   | $       | (2,295 | )      |    | $      | — |   |   | $ | 19,263  |   |
| Restructuring                                        |   | (5,379                             | )       |         | (1,492 | )             |   | (456   | )      |         | — |         |   | — |   |   | (7,327  | )      |
| Segment income (loss) including restructuring charge |   | $                                  | 6,596   |         |   | $             | 5,298  |   |   | $            | 2,337   |         |   | $       | (2,295 | )      |    | $      | — |   |   | $ | 11,936  |   |
| Corporate expenses, net                              |   |                               |    |         |   |          |   |   |   |         |    |         |   |    |   |   | (11,422 | )      |
| Income before income taxes                           |   |                               |    |         |   |          |   |   |   |         |    |         |   |    |   |   | $       | 514    |    |

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|                                                   |        |                                            |                |                                                                          |                |                                                                        |                |                           |        |        |         |        |        |   |         |        |
|---------------------------------------------------|--------|--------------------------------------------|----------------|--------------------------------------------------------------------------|----------------|------------------------------------------------------------------------|----------------|---------------------------|--------|--------|---------|--------|--------|---|---------|--------|
|                                              |   | Fair Value Measurement Used |
|                                              |   | Recorded Value                             |           | Quoted prices in active markets for identical instruments |           | Quoted prices in active markets for similar instruments |           | Other unobservable inputs |
|                                              |   |                                       | (Level 1) |                                                                     | (Level 2) |                                                                   | (Level 3) |
| Assets:                                           |   |                                       |           |                                                                     |           |                                                                   |           |                      |   |   |    |   |
| Cash and cash equivalents (1)                     |   | $                                          | 69,417         |                                                                     |           | $                                                                      | 69,417         |                      |   | $      | — |   |   | $ | — |   |
| Assets related to deferred compensation plan      |   | $                                          | 3,948          |                                                                     |           | $                                                                      | —        |                      |   | $      | 3,948   |   |   | $ | — |   |
| Total assets at fair value                        |   | $                                          | 73,365         |                                                                     |           | $                                                                      | 69,417         |                      |   | $      | 3,948   |   |   | $ | — |   |
| Liabilities:                                      |   |                                       |           |                                                                     |           |                                                                   |           |                      |   |   |    |   |
| Liabilities related to deferred compensation plan |   | $                                          | 2,918          |                                                                     |           | $                                                                      | 2,918          |                      |   | $      | — |   |   | $ | — |   |
| Total liabilities at fair value                   |   | $                                          | 2,918          |                                                                     |           | $                                                                      | 2,918          |                      |   | $      | — |   |   | $ | — |   |

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|                                |                                                                                                                                                                                                                                                                                                                         |
|--------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| •     | We depend on a small number of large customers, specifically two large automotive customers.  If we were to lose any of these customers or any of these customers significantly reduced their purchases, or if any of the customers declare bankruptcy, our future results could be materially adversely affected. |

|                                |                                                                                                                                                                                                                   |
|--------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| •     | Because we derive a substantial portion of our revenues from customers in the automotive, appliance, computer and communications industries, we are susceptible to trends and factors affecting those industries. |

|                                |                                                                                                                                                    |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| •     | Our business is cyclical and seasonal in nature and downturns in the automotive industry could reduce the sales and profitability of our business. |

|                                |                                                                                                                                              |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------|
| •     | We are dependent on the availability and price of components and raw materials as well as the risk of substituted or counterfeit components. |

|                                |                                                                                                  |
|--------------------------------|--------------------------------------------------------------------------------------------------|
| •     | Rising crude oil prices may result in higher costs for resin and other petroleum-based products. |

|                                |                                                                                                                                                                                |
|--------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| •     | Our technology-based businesses and the markets in which we operate are highly competitive.  If we are unable to compete effectively, our sales or profits could decline. |

|                                |                                                                                                                                                                |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| •     | We face risks relating to our international operations, including political and economic instability, expropriation, or the imposition of government controls. |

|                                |                                                                                                            |
|--------------------------------|------------------------------------------------------------------------------------------------------------|
| •     | We may be unable to keep pace with rapid technological changes, which could adversely affect our business. |

|                                |                                                                                                                                                                       |
|--------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| •     | Products we manufacture may contain design or manufacturing defects that could result in reduced demand for our products or services and liability claims against us. |

|                                |                                                                                                                      |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------|
| •     | A significant fluctuation between the U.S. dollar and other currencies could adversely impact our operating results. |

|                                |                                                                                                                                                                                                                                                    |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| •     | If we are unable to protect our intellectual property or we infringe, or are alleged to infringe, on another person’s intellectual property, our business, financial condition and operating results could be materially adversely affected. |

|                                |                                                                                                                                                                                                                |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| •     | We may acquire businesses or divest of various business operations. These transactions may pose significant risks and may materially adversely affect our business, financial condition and operating results. |

|                                |                                                           |
|--------------------------------|-----------------------------------------------------------|
| •     | Unfavorable tax law changes may adversely affect results. |

|                                |                                                                                                                         |
|--------------------------------|-------------------------------------------------------------------------------------------------------------------------|
| •     | The future trading price of our common stock could be subject to wide fluctuations in response to a variety of factors. |

|                                |                                                                                                                                                                                                       |
|--------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| •     | We are subject to the risks of owning real property, such as rising real estate taxes, adverse changes in the value of the properties and increased cash commitments for improving current buildings. |

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|                                                                  |        |                       |         |                       |        |                 |        |                 |        |        |       |         |        |      |         |
|------------------------------------------------------------------|--------|-----------------------|---------|-----------------------|--------|-----------------|--------|-----------------|--------|--------|-------|---------|--------|------|---------|
|                                                             |   | January 29, 2011 |    | January 30, 2010 |   | Net Change |   | Net Change |
| Net sales                                                        |   | $                     | 101.3   |                  |   | $               | 89.1   |            |   | $      | 12.2  |    |   | 13.7 |  % |
| Other income                                                     |   | 0.8                   |    |                  | 1.1    |            |   | (0.3            | )      |   | (27.3 | )%      |
|                                                             |   | 102.1                 |    |                  | 90.2   |            |   | 11.9            |   |   | 13.2  |  % |
|                                                             |   |                  |    |                  |   |            |   |            |
| Cost of products sold                                            |   | 82.7                  |    |                  | 74.9   |            |   | 7.8             |   |   | 10.4  |  % |
|                                                             |   |                  |    |                  |   |            |   |            |
| Gross margins (including other income)                           |   | 19.4                  |    |                  | 15.3   |            |   | 4.1             |   |   | 26.8  |  % |
|                                                             |   |                  |    |                  |   |            |   |            |
| Restructuring                                                    |   | —               |    |                  | 0.6    |            |   | (0.6            | )      |   | N/M   |    |
| Selling and administrative expenses                              |   | 15.5                  |    |                  | 17.1   |            |   | (1.6            | )      |   | (9.4  | )%      |
| Interest (income)/expense, net                                   |   | 0.1                   |    |                  | (0.1   | )               |   | 0.2             |   |   | N/M   |    |
| Other income, net                                                |   | (0.5                  | )       |                  | (0.3   | )               |   | (0.2            | )      |   | N/M   |    |
| Income tax (benefit)/expense                                     |   | (1.5                  | )       |                  | 2.3    |            |   | (3.8            | )      |   | N/M   |    |
| Net income attributable to noncontrolling interest               |   | (0.1                  | )       |                  | 0.2    |            |   | (0.3            | )      |   | N/M   |    |
| Net income/(loss) attributable to Methode Electronics, Inc. |   | $                     | 5.9     |                  |   | $               | (4.5   | )               |   | $      | 10.4  |    |   | N/M  |    |
|                                                             |   |                  |    |                  |   |            |   |            |
| Percent of sales:                                      |   | January 29, 2011      |    | January 30, 2010      |   |            |   |            |
| Net sales                                                        |   | 100.0                 |  % |                  | 100.0  |  %         |   |            |   |   |
| Other income                                                     |   | 0.8                   |  % |                  | 1.2    |  %         |   |            |   |   |
| Cost of products sold                                            |   | 81.6                  |  % |                  | 84.1   |  %         |   |            |   |   |
| Gross margins (including other income)                           |   | 19.2                  |  % |                  | 17.2   |  %         |   |            |   |   |
| Restructuring                                                    |   | —               |  % |                  | 0.7    |  %         |   |            |   |   |
| Selling and administrative expenses                              |   | 15.3                  |  % |                  | 19.2   |  %         |   |            |   |   |
| Interest (income)/expense, net                                   |   | 0.1                   |  % |                  | (0.1   | )%              |   |            |   |   |
| Other income, net                                                |   | (0.5                  | )%      |                  | (0.3   | )%              |   |            |   |   |
| Income tax (benefit)/expense                                     |   | (1.5                  | )%      |                  | 2.6    |  %         |   |            |   |   |
| Net income attributable to noncontrolling interest               |   | (0.1                  | )%      |                  | 0.2    |  %         |   |            |   |   |
| Net income/(loss) attributable to Methode Electronics, Inc. |   | 5.8                   |  % |                  | (5.1   | )%              |   |            |   |   |

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|                                        |        |                       |         |                       |        |                 |        |                 |        |        |       |         |        |      |         |
|----------------------------------------|--------|-----------------------|---------|-----------------------|--------|-----------------|--------|-----------------|--------|--------|-------|---------|--------|------|---------|
|                                   |   | January 29, 2011 |    | January 30, 2010 |   | Net Change |   | Net Change |
| Net sales                              |   | $                     | 52.4    |                  |   | $               | 43.6   |            |   | $      | 8.8   |    |   | 20.2 |  % |
| Other income                           |   | 0.8                   |    |                  | 0.9    |            |   | (0.1            | )      |   | (11.1 | )%      |
|                                   |   | 53.2                  |    |                  | 44.5   |            |   | 8.7             |   |   | 19.6  |  % |
|                                   |   |                  |    |                  |   |            |   |            |
| Cost of products sold                  |   | 44.2                  |    |                  | 41.0   |            |   | 3.2             |   |   | 7.8   |  % |
|                                   |   |                  |    |                  |   |            |   |            |
| Gross margins (including other income) |   | 9.0                   |    |                  | 3.5    |            |   | 5.5             |   |   | 157.1 |  % |
|                                   |   |                  |    |                  |   |            |   |            |
| Restructuring                          |   | —               |    |                  | 0.4    |            |   | (0.4            | )      |   | N/M   |    |
| Selling and administrative expenses    |   | 4.2                   |    |                  | 4.5    |            |   | (0.3            | )      |   | (6.7  | )%      |
| Other income, net                      |   | (0.5                  | )       |                  | (0.5   | )               |   | —         |   |   | N/M   |    |
| Income/(loss) before income taxes      |   | $                     | 5.3     |                  |   | $               | (0.9   | )               |   | $      | 6.2   |    |   | N/M  |    |
|                                   |   |                  |    |                  |   |            |   |            |
| Percent of sales:                      |   | January 29, 2011      |    | January 30, 2010      |   |            |   |            |
| Net sales                              |   | 100.0                 |  % |                  | 100.0  |  %         |   |            |   |   |
| Other income                           |   | 1.5                   |  % |                  | 2.1    |  %         |   |            |   |   |
| Cost of products sold                  |   | 84.4                  |  % |                  | 94.0   |  %         |   |            |   |   |
| Gross margins (including other income) |   | 17.2                  |  % |                  | 8.0    |  %         |   |            |   |   |
| Restructuring                          |   | —               |  % |                  | 0.9    |  %         |   |            |   |   |
| Selling and administrative expenses    |   | 8.0                   |  % |                  | 10.3   |  %         |   |            |   |   |
| Other income, net                      |   | (1.0                  | )%      |                  | (1.1   | )%              |   |            |   |   |
| Income/(loss) before income taxes      |   | 10.1                  |  % |                  | (2.1   | )%              |   |            |   |   |

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|                                        |        |                  |         |                  |        |                 |        |                 |        |        |      |         |        |      |    |
|----------------------------------------|--------|------------------|---------|------------------|--------|-----------------|--------|-----------------|--------|--------|------|---------|--------|------|----|
|                                   |   | January 29, 2011 |    | January 30, 2010 |   | Net Change |   | Net Change |
| Net sales                              |   | $                | 32.6    |             |   | $               | 33.8   |            |   | $      | (1.2 | )       |   | (3.6 | )% |
| Other income                           |   | —          |    |             | 0.1    |            |   | (0.1            | )      |   | N/M  |    |
|                                   |   | 32.6             |    |             | 33.9   |            |   | (1.3            | )      |   | (3.8 | )%      |
|                                   |   |             |    |             |   |            |   |            |
| Cost of products sold                  |   | 23.3             |    |             | 24.4   |            |   | (1.1            | )      |   | (4.5 | )%      |
|                                   |   |             |    |             |   |            |   |            |
| Gross margins (including other income) |   | 9.3              |    |             | 9.5    |            |   | (0.2            | )      |   | (2.1 | )%      |
|                                   |   |             |    |             |   |            |   |            |
| Restructuring                          |   | —          |    |             | 0.1    |            |   | (0.1            | )      |   | N/M  |    |
| Selling and administrative expenses    |   | 5.2              |    |             | 5.7    |            |   | (0.5            | )      |   | (8.8 | )%      |
| Interest income, net                   |   | —          |    |             | (0.1   | )               |   | 0.1             |   |   | N/M  |    |
| Other (income)/expense, net            |   | (0.1             | )       |             | 0.3    |            |   | (0.4            | )      |   | N/M  |    |
| Income before income taxes             |   | 4.2              |    |             | 3.5    |            |   | 0.7             |   |   | 20.0 |  % |
|                                   |   |             |    |             |   |            |   |            |
| Percent of sales:                      |   | January 29, 2011 |    | January 30, 2010 |   |            |   |            |
| Net sales                              |   | 100.0            |  % |             | 100.0  |  %         |   |            |   |   |
| Other income                           |   | —          |  % |             | 0.3    |  %         |   |            |   |   |
| Cost of products sold                  |   | 71.5             |  % |             | 72.2   |  %         |   |            |   |   |
| Gross margins (including other income) |   | 28.5             |  % |             | 28.1   |  %         |   |            |   |   |
| Restructuring                          |   | —          |  % |             | 0.3    |  %         |   |            |   |   |
| Selling and administrative expenses    |   | 16.0             |  % |             | 16.9   |  %         |   |            |   |   |
| Interest income, net                   |   | —          |  % |             | (0.3   | )%              |   |            |   |   |
| Other (income)/expense, net            |   | (0.3             | )%      |             | 0.9    |  %         |   |            |   |   |
| Income before income taxes             |   | 12.9             |  % |             | 10.4   |  %         |   |            |   |   |

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|                                     |        |                       |        |                       |         |                 |        |                 |        |        |      |         |        |       |         |
|-------------------------------------|--------|-----------------------|--------|-----------------------|---------|-----------------|--------|-----------------|--------|--------|------|---------|--------|-------|---------|
|                                |   | January 29, 2011 |   | January 30, 2010 |    | Net Change |   | Net Change |
| Net sales                           |   | $                     | 13.0   |                  |    | $               | 9.6    |            |   | $      | 3.4  |    |   | 35.4  |  % |
|                                |   |                  |   |                  |    |            |   |            |
| Cost of products sold               |   | 10.2                  |   |                  | 7.0     |            |   | 3.2             |   |   | 45.7 |  % |
|                                |   |                  |   |                  |    |            |   |            |
| Gross margins                       |   | 2.8                   |   |                  | 2.6     |            |   | 0.2             |   |   | 7.7  |  % |
|                                |   |                  |   |                  |    |            |   |            |
| Restructuring                       |   | —               |   |                  | 0.1     |            |   | (0.1            | )      |   | N/M  |    |
| Selling and administrative expenses |   | 1.8                   |   |                  | 1.4     |            |   | 0.4             |   |   | 28.6 |  % |
| Other expense, net                  |   | 0.1                   |   |                  | — |            |   | 0.1             |   |   | N/M  |    |
| Income before income taxes          |   | $                     | 0.9    |                  |    | $               | 1.1    |            |   | $      | (0.2 | )       |   | (18.2 | )%      |
|                                |   |                  |   |                  |    |            |   |            |
| Percent of sales:                   |   | January 29, 2011      |   | January 30, 2010      |    |            |   |            |
| Net sales                           |   | 100.0                 | %      |                  | 100.0   | %               |   |            |   |   |
| Cost of products sold               |   | 78.5                  | %      |                  | 72.9    | %               |   |            |   |   |
| Gross margins                       |   | 21.5                  | %      |                  | 27.1    | %               |   |            |   |   |
| Restructuring                       |   | —               | %      |                  | 1.0     | %               |   |            |   |   |
| Selling and administrative expenses |   | 13.8                  | %      |                  | 14.6    | %               |   |            |   |   |
| Other expense, net                  |   | 0.8                   | %      |                  | — | %               |   |            |   |   |
| Income before income taxes          |   | 6.9                   | %      |                  | 11.5    | %               |   |            |   |   |

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|                                     |        |                       |         |                       |        |                 |        |                 |        |        |       |         |        |       |         |
|-------------------------------------|--------|-----------------------|---------|-----------------------|--------|-----------------|--------|-----------------|--------|--------|-------|---------|--------|-------|---------|
|                                |   | January 29, 2011 |    | January 30, 2010 |   | Net Change |   | Net Change |
| Net sales                           |   | $                     | 3.3     |                  |   | $               | 2.1    |            |   | $      | 1.2   |    |   | 57.1  |  % |
|                                |   |                  |    |                  |   |            |   |            |
| Cost of products sold               |   | 3.2                   |    |                  | 2.3    |            |   | 0.9             |   |   | 39.1  |  % |
|                                |   |                  |    |                  |   |            |   |            |
| Gross margins                       |   | 0.1                   |    |                  | (0.2   | )               |   | 0.3             |   |   | N/M   |    |
|                                |   |                  |    |                  |   |            |   |            |
| Selling and administrative expenses |   | 0.7                   |    |                  | 0.8    |            |   | (0.1            | )      |   | (12.5 | )%      |
| Loss before income taxes            |   | $                     | (0.6    | )                     |   | $               | (1.0   | )               |   | $      | 0.4   |    |   | (40.0 | )%      |
|                                |   |                  |    |                  |   |            |   |            |
| Percent of sales:                   |   | January 29, 2011      |    | January 30, 2010      |   |            |   |            |
| Net sales                           |   | 100.0                 |  % |                  | 100.0  |  %         |   |            |   |   |
| Cost of products sold               |   | 97.0                  |  % |                  | 109.5  |  %         |   |            |   |   |
| Gross margins                       |   | 3.0                   |  % |                  | (9.5   | )%              |   |            |   |   |
| Selling and administrative expenses |   | 21.2                  |  % |                  | 38.1   |  %         |   |            |   |   |
| Loss before income taxes            |   | (18.2                 | )%      |                  | (47.6  | )%              |   |            |   |   |

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|                                                                  |        |                       |         |                       |         |                 |        |                 |        |        |        |         |        |      |         |
|------------------------------------------------------------------|--------|-----------------------|---------|-----------------------|---------|-----------------|--------|-----------------|--------|--------|--------|---------|--------|------|---------|
|                                                             |   | January 29, 2011 |    | January 30, 2010 |    | Net Change |   | Net Change |
| Net sales                                                        |   | $                     | 306.2   |                  |    | $               | 277.4  |            |   | $      | 28.8   |    |   | 10.4 |  % |
| Other income                                                     |   | 2.6                   |    |                  | 3.6     |            |   | (1.0            | )      |   | (27.8  | )%      |
|                                                             |   | 308.8                 |    |                  | 281.0   |            |   | 27.8            |   |   | 9.9    |  % |
|                                                             |   |                  |    |                  |    |            |   |            |
| Cost of products sold                                            |   | 245.5                 |    |                  | 223.6   |            |   | 21.9            |   |   | 9.8    |  % |
|                                                             |   |                  |    |                  |    |            |   |            |
| Gross margins (including other income)                           |   | 63.3                  |    |                  | 57.4    |            |   | 5.9             |   |   | 10.3   |  % |
|                                                             |   |                  |    |                  |    |            |   |            |
| Restructuring                                                    |   | —               |    |                  | 7.3     |            |   | (7.3            | )      |   | N/M    |    |
| Selling and administrative expenses                              |   | 53.2                  |    |                  | 49.4    |            |   | 3.8             |   |   | 7.7    |  % |
| Interest expense, net                                            |   | 0.2                   |    |                  | 0.1     |            |   | 0.1             |   |   | 100.0  |  % |
| Other expense, net                                               |   | 0.7                   |    |                  | — |            |   | 0.7             |   |   | N/M    |    |
| Income tax (benefit)/expense                                     |   | (0.1                  | )       |                  | 2.8     |            |   | (2.9            | )      |   | (103.6 | )%      |
| Net income/(loss) attributable to noncontrolling interest        |   | (0.1                  | )       |                  | 0.2     |            |   | (0.3            | )      |   | N/M    |    |
| Net income/(loss) attributable to Methode Electronics, Inc. |   | $                     | 9.4     |                  |    | $               | (2.4   | )               |   | $      | 11.8   |    |   | N/M  |    |
|                                                             |   |                  |    |                  |    |            |   |            |
| Percent of sales:                                                |   | January 29, 2011      |    | January 30, 2010      |    |            |   |            |
| Net sales                                                        |   | 100.0                 |  % |                  | 100.0   |  %         |   |            |   |   |
| Other income                                                     |   | 0.8                   |  % |                  | 1.3     |  %         |   |            |   |   |
| Cost of products sold                                            |   | 80.2                  |  % |                  | 80.6    |  %         |   |            |   |   |
| Gross margins (including other income)                           |   | 20.7                  |  % |                  | 20.7    |  %         |   |            |   |   |
| Restructuring                                                    |   | —               |  % |                  | 2.6     |  %         |   |            |   |   |
| Selling and administrative expenses                              |   | 17.4                  |  % |                  | 17.8    |  %         |   |            |   |   |
| Interest expense, net                                            |   | 0.1                   |  % |                  | 0.0     |  %         |   |            |   |   |
| Other expense, net                                               |   | 0.2                   |  % |                  | — |  %         |   |            |   |   |
| Income tax (benefit)/expense                                     |   | 0.0                   |  % |                  | 1.0     |  %         |   |            |   |   |
| Net income/(loss) attributable to noncontrolling interest        |   | 0.0                   |  % |                  | 0.1     |  %         |   |            |   |   |
| Net income/(loss) attributable to Methode Electronics, Inc. |   | 3.1                   |  % |                  | (0.9    | )%              |   |            |   |   |

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|                                        |        |                       |         |                       |         |                 |        |                 |        |        |       |         |        |      |         |
|----------------------------------------|--------|-----------------------|---------|-----------------------|---------|-----------------|--------|-----------------|--------|--------|-------|---------|--------|------|---------|
|                                   |   | January 29, 2011 |    | January 30, 2010 |    | Net Change |   | Net Change |
| Net sales                              |   | $                     | 156.5   |                  |    | $               | 151.6  |            |   | $      | 4.9   |    |   | 3.2  |  % |
| Other income                           |   | 2.5                   |    |                  | 3.2     |            |   | (0.7            | )      |   | (21.9 | )%      |
|                                   |   | 159.0                 |    |                  | 154.8   |            |   | 4.2             |   |   | 2.7   |  % |
|                                   |   |                  |    |                  |    |            |   |            |
| Cost of products sold                  |   | 129.7                 |    |                  | 127.3   |            |   | 2.4             |   |   | 1.9   |  % |
|                                   |   |                  |    |                  |    |            |   |            |
| Gross margins (including other income) |   | 29.3                  |    |                  | 27.5    |            |   | 1.8             |   |   | 6.5   |  % |
|                                   |   |                  |    |                  |    |            |   |            |
| Restructuring                          |   | —               |    |                  | 5.4     |            |   | (5.4            | )      |   | N/M   |    |
| Selling and administrative expenses    |   | 20.0                  |    |                  | 14.9    |            |   | 5.1             |   |   | 34.2  |  % |
| Interest income, net                   |   | (0.2                  | )       |                  | — |            |   | (0.2            | )      |   | N/M   |    |
| Other expense, net                     |   | 1.3                   |    |                  | 0.7     |            |   | 0.6             |   |   | 85.7  |  % |
| Income before income taxes             |   | $                     | 8.2     |                  |    | $               | 6.5    |            |   | $      | 1.7   |    |   | 26.2 |  % |
|                                   |   |                  |    |                  |    |            |   |            |
| Percent of sales:                      |   | January 29, 2011      |    | January 30, 2010      |    |            |   |            |
| Net sales                              |   | 100.0                 |  % |                  | 100.0   | %               |   |            |   |   |
| Other income                           |   | 1.6                   |  % |                  | 2.1     | %               |   |            |   |   |
| Cost of products sold                  |   | 82.9                  |  % |                  | 84.0    | %               |   |            |   |   |
| Gross margins (including other income) |   | 18.7                  |  % |                  | 18.1    | %               |   |            |   |   |
| Restructuring                          |   | —               |  % |                  | 3.6     | %               |   |            |   |   |
| Selling and administrative expenses    |   | 12.8                  |  % |                  | 9.8     | %               |   |            |   |   |
| Interest income, net                   |   | (0.1                  | )%      |                  | — | %               |   |            |   |   |
| Other expense, net                     |   | 0.8                   |  % |                  | 0.5     | %               |   |            |   |   |
| Income before income taxes             |   | 5.2                   |  % |                  | 4.3     | %               |   |            |   |   |

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|                                        |        |                       |         |                       |        |                 |        |                 |        |        |         |        |        |       |   |
|----------------------------------------|--------|-----------------------|---------|-----------------------|--------|-----------------|--------|-----------------|--------|--------|---------|--------|--------|-------|---|
|                                   |   | January 29, 2011 |    | January 30, 2010 |   | Net Change |   | Net Change |
| Net sales                              |   | $                     | 103.7   |                  |   | $               | 88.5   |            |   | $      | 15.2    |   |   | 17.2  | % |
| Other income                           |   | 0.2                   |    |                  | 0.1    |            |   | 0.1             |   |   | 100.0   | %      |
|                                   |   | 103.9                 |    |                  | 88.6   |            |   | 15.3            |   |   | 17.3    | %      |
|                                   |   |                  |    |                  |   |            |   |            |
| Cost of products sold                  |   | 73.8                  |    |                  | 65.6   |            |   | 8.2             |   |   | 12.5    | %      |
|                                   |   |                  |    |                  |   |            |   |            |
| Gross margins (including other income) |   | 30.1                  |    |                  | 23.0   |            |   | 7.1             |   |   | 30.9    | %      |
|                                   |   |                  |    |                  |   |            |   |            |
| Restructuring                          |   | —               |    |                  | 1.5    |            |   | (1.5            | )      |   | N/M     |   |
| Selling and administrative expenses    |   | 16.1                  |    |                  | 16.1   |            |   | —         |   |   | — | %      |
| Interest income                        |   | (0.1                  | )       |                  | (0.1   | )               |   | —         |   |   | — | %      |
| Other expense, net                     |   | 0.4                   |    |                  | 0.3    |            |   | 0.1             |   |   | 33.3    | %      |
| Income before income taxes             |   | $                     | 13.7    |                  |   | $               | 5.2    |            |   | $      | 8.5     |   |   | 163.5 | % |
|                                   |   |                  |    |                  |   |            |   |            |
| Percent of sales:                      |   | January 29, 2011      |    | January 30, 2010      |   |            |   |            |
| Net sales                              |   | 100.0                 |  % |                  | 100.0  |  %         |   |            |   |   |
| Other income                           |   | 0.2                   |  % |                  | 0.1    |  %         |   |            |   |   |
| Cost of products sold                  |   | 71.2                  |  % |                  | 74.1   |  %         |   |            |   |   |
| Gross margins (including other income) |   | 29.0                  |  % |                  | 26.0   |  %         |   |            |   |   |
| Restructuring                          |   | —               |  % |                  | 1.7    |  %         |   |            |   |   |
| Selling and administrative expenses    |   | 15.5                  |  % |                  | 18.2   |  %         |   |            |   |   |
| Interest income                        |   | (0.1                  | )%      |                  | (0.1   | )%              |   |            |   |   |
| Other expense, net                     |   | 0.4                   |  % |                  | 0.3    |  %         |   |            |   |   |
| Income before income taxes             |   | 13.2                  |  % |                  | 5.9    |  %         |   |            |   |   |

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|                                        |        |                       |        |                       |         |                 |        |                 |        |        |      |        |        |      |   |
|----------------------------------------|--------|-----------------------|--------|-----------------------|---------|-----------------|--------|-----------------|--------|--------|------|--------|--------|------|---|
|                                   |   | January 29, 2011 |   | January 30, 2010 |    | Net Change |   | Net Change |
| Net sales                              |   | $                     | 36.5   |                  |    | $               | 30.1   |            |   | $      | 6.4  |   |   | 21.3 | % |
| Other income                           |   | —               |   |                  | 0.1     |            |   | (0.1            | )      |   | N/M  |   |
|                                   |   | 36.5                  |   |                  | 30.2    |            |   | 6.3             |   |   | 20.9 | %      |
|                                   |   |                  |   |                  |    |            |   |            |
| Cost of products sold                  |   | 29.0                  |   |                  | 23.1    |            |   | 5.9             |   |   | 25.5 | %      |
|                                   |   |                  |   |                  |    |            |   |            |
| Gross margins (including other income) |   | 7.5                   |   |                  | 7.1     |            |   | 0.4             |   |   | 5.6  | %      |
|                                   |   |                  |   |                  |    |            |   |            |
| Restructuring                          |   | —               |   |                  | 0.5     |            |   | (0.5            | )      |   | N/M  |   |
| Selling and administrative expenses    |   | 4.8                   |   |                  | 4.3     |            |   | 0.5             |   |   | 11.6 | %      |
| Other expense, net                     |   | 0.2                   |   |                  | — |            |   | 0.2             |   |   | N/M  |   |
| Income before income taxes             |   | $                     | 2.5    |                  |    | $               | 2.3    |            |   | $      | 0.2  |   |   | 8.7  | % |
|                                   |   |                  |   |                  |    |            |   |            |
| Percent of sales:                      |   | January 29, 2011      |   | January 30, 2010      |    |            |   |            |
| Net sales                              |   | 100.0                 | %      |                  | 100.0   | %               |   |            |   |   |
| Other income                           |   | —               | %      |                  | 0.3     | %               |   |            |   |   |
| Cost of products sold                  |   | 79.5                  | %      |                  | 76.7    | %               |   |            |   |   |
| Gross margins (including other income) |   | 20.5                  | %      |                  | 23.6    | %               |   |            |   |   |
| Restructuring                          |   | —               | %      |                  | 1.7     | %               |   |            |   |   |
| Selling and administrative expenses    |   | 13.2                  | %      |                  | 14.3    | %               |   |            |   |   |
| Other expense, net                     |   | 0.5                   | %      |                  | — | %               |   |            |   |   |
| Income before income taxes             |   | 6.8                   | %      |                  | 7.6     | %               |   |            |   |   |

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|                                     |        |                       |         |                       |         |                 |        |                 |        |        |      |         |        |       |         |
|-------------------------------------|--------|-----------------------|---------|-----------------------|---------|-----------------|--------|-----------------|--------|--------|------|---------|--------|-------|---------|
|                                |   | January 29, 2011 |    | January 30, 2010 |    | Net Change |   | Net Change |
| Net sales                           |   | $                     | 9.4     |                  |    | $               | 7.2    |            |   | $      | 2.2  |    |   | 30.6  |  % |
|                                |   |                  |    |                  |    |            |   |            |
| Cost of products sold               |   | 8.9                   |    |                  | 7.2     |            |   | 1.7             |   |   | 23.6 |  % |
|                                |   |                  |    |                  |    |            |   |            |
| Gross margins                       |   | 0.5                   |    |                  | — |            |   | 0.5             |   |   | N/M  |    |
|                                |   |                  |    |                  |    |            |   |            |
| Selling and administrative expenses |   | 2.1                   |    |                  | 2.3     |            |   | (0.2            | )      |   | (8.7 | )%      |
| Loss before income taxes            |   | $                     | (1.6    | )                     |    | $               | (2.3   | )               |   | $      | 0.7  |    |   | (30.4 | )%      |
|                                |   |                  |    |                  |    |            |   |            |
| Percent of sales:                   |   | January 29, 2011      |    | January 30, 2010      |    |            |   |            |
| Net sales                           |   | 100.0                 |  % |                  | 100.0   |  %         |   |            |   |   |
| Cost of products sold               |   | 94.7                  |  % |                  | 100.0   |  %         |   |            |   |   |
| Gross margins                       |   | 5.3                   |  % |                  | — |  %         |   |            |   |   |
| Selling and administrative expenses |   | 22.3                  |  % |                  | 31.9    |  %         |   |            |   |   |
| Loss before income taxes            |   | (17.0                 | )%      |                  | (31.9   | )%              |   |            |   |   |

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|               |        |                                                                                                                                                                                                     |
|---------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ExhibitNumber |   | Description                                                                                                                                                                                         |
| 3.1           |   | Form of Methode Electronics, Inc. Amended and Restated By-Laws (1)                                                                                                                             |
| 10.1          |   | Amended and Restated Credit Agreement dated as of February 25, 2011 among Methode Electronics, Inc. as the Borrower, Bank of America, N.A., as Administrative Agent and Other Lenders Party Thereto |
| 31.1          |   | Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer                                                                                                                     |
| 31.2          |   | Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer                                                                                                                     |
| 32            |   | Certification of Periodic Financial Report Pursuant to 18 U.S.C. Section 1350                                                                                                                  |

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|        |                    |        |                                |                               |
|--------|--------------------|--------|--------------------------------|-------------------------------|
|   |               |   | METHODE ELECTRONICS, INC. |
|   |               |   |                           |
|   |               |   | By:                            | /s/ Douglas A. Koman          |
|   |               |   |                           | Douglas A. Koman              |
|   |               |   |                           | Chief Financial Officer       |
|   |               |   |                           | (principal financial officer) |
|   |               |   |                           |
| Dated: | March 3, 2011 |   |                           |

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|               |        |                                                                                                                                                                                                     |
|---------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ExhibitNumber |   | Description                                                                                                                                                                                         |
| 3.1           |   | Form of Methode Electronics, Inc. Amended and Restated By-Laws (1)                                                                                                                             |
| 10.1          |   | Amended and Restated Credit Agreement dated as of February 25, 2011 among Methode Electronics, Inc. as the Borrower, Bank of America, N.A., as Administrative Agent and Other Lenders Party Thereto |
| 31.1          |   | Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer                                                                                                                     |
| 31.2          |   | Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer                                                                                                                     |
| 32            |   | Certification of Periodic Financial Report Pursuant to 18 U.S.C. Section 1350                                                                                                                  |