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December 31, 1999
Dear Angeion Corporation Stockholder:
We are writing one more time to ask that you vote the enclosed proxy and mail it
back right away. We are very close to passing two important proposals, but need
your help. Let me discuss a couple of points.
First, we have adjourned our Annual Meeting of Stockholders to January 19, 2000
at 3:00 p.m. Minneapolis Time. The Annual Meeting was adjourned to give you
additional time to vote on the ELA Medical and Medtronic, Inc. transactions.
While more than 95% of shares voted to date are in favor of the ELA and
Medtronic transactions, we are still short of the required vote of two-thirds of
all outstanding shares. Accordingly, your vote, no matter how many shares you
own, is extremely important. Second, your Board unanimously believes that
approval of these transactions is necessary to preserve and enhance the value of
the stockholders' investment in the Company and strongly recommends a vote in
favor. One transaction will return nearly 20% of outstanding shares to the
Company. And the other will provide your Company with $9 million in cash. Both
can greatly benefit us all.
Please find enclosed a proxy card and postage paid return envelope. I strongly
urge you to sign and return the card with your vote as soon as possible.
Soliciting your proxy like this can get expensive, and we really want to
complete this vote, conclude our meeting and get on with business. We need your
help and attention.
If you have any questions, or require any assistance in voting your shares,
please call Innisfree M&A Incorporated, the company assisting us in the
solicitation of proxies, toll-free, at 1-888-750-5834.
Thank you for your continued support.
Sincerely,
James B. Hickey, Jr.
President and Chief Executive Officer
