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GLOBALFOUNDRIES Singapore Announces Results for the Consent Solicitation for Its 6.25% Senior Notes Due 2013 and 6.375% Senior Notes Due 2015

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SINGAPORE - (BUSINESS WIRE) - GLOBALFOUNDRIES Singapore Pte. Ltd. (f.k.a. Chartered Semiconductor Manufacturing Ltd. (UEN / Registration Number 198703584K)) ("GLOBALFOUNDRIES Singapore" ) today announced that in connection with its previously announced consent solicitation for its 6.25% Senior Notes Due 2013 (the "2013 Notes" ) and 6.375% Senior Notes Due 2015 (the "2015 Notes" ), GLOBALFOUNDRIES Singapore has paid the consent fee of $10 for each $1,000 principal amount to holders of the 2013 Notes and the 2015 Notes who have delivered consent as of 5:00 p.m., New York City time, on March 26, 2010 (the "Consent Deadline" ). As of the Consent Deadline, the aggregate principal amount of the 2013 Notes who have delivered consent was $223,565,000, which represents approximately 85.40% of the outstanding principal amount of the 2013 Notes, and the aggregate principal amount of the 2015 Notes who have delivered consent was $96,284,000, which represents approximately 99.14% of the outstanding principal amount of the 2015 Notes. GLOBALFOUNDRIES Singapore and the trustee for the 2013 Notes and the 2015 Notes have executed supplemental indentures to the indentures governing the 2013 Notes and the 2015 Notes that amended and modified the reporting covenant contained in the indentures governing the 2013 Notes and 2015 Notes.

Credit Suisse Securities (USA) LLC acted as the solicitation agent and Global Bondholder Services Corporation acted as the tabulation agent and information agent for the consent solicitation.

This press release shall not be deemed a solicitation of consents with respect to any other securities of GLOBALFOUNDRIES Singapore.

About GLOBALFOUNDRIES Singapore

GLOBALFOUNDRIES Singapore, one of the world's top dedicated semiconductor foundries, offers leading-edge technologies down to 40/45 nanometer (nm), enabling today's system-on-chip designs. GLOBALFOUNDRIES Singapore further serves its customers' needs through a collaborative, joint development approach on a technology roadmap that extends to 22nm. GLOBALFOUNDRIES Singapore's strategy is based on open and comprehensive design enablement solutions, manufacturing enhancement strategies and a commitment to flexible sourcing. In Singapore, GLOBALFOUNDRIES Singapore owns or has an interest in six fabrication facilities, including a 300mm fabrication facility and five 200mm facilities. In December 2009, GLOBALFOUNDRIES Singapore was acquired by ATIC pursuant to a scheme of arrangement pursuant to Singapore law. Information about GLOBALFOUNDRIES Singapore can be found at www.globalfoundries.com. For more information about ATIC visit www.advancedtechnologyic.com.

Forward-Looking Statements

Certain statements in this communication may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak only as of the date they were made and GLOBALFOUNDRIES Singapore undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law. Words such as "expects," "intends," "plans," "projects," "believes," "estimates," and similar expressions are used to identify these forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks, uncertainties and assumptions include, among others:

  • decreased consumer confidence;
  • financial market turmoil and deteriorating global economic conditions;
  • the ability to access or renew existing or to obtain additional financing and the terms thereof;
  • changes in demands from major customers;
  • excess inventory, life cycle, market outlook and trends or specific products;
  • demand and supply outlook in the semiconductor market;
  • competition from existing foundries and new foundry companies resulting in pricing pressures;
  • product mix;
  • unforeseen delays, interruptions, performance level and technology mix in fabrication facilities;
  • progress on leading-edge products;
  • changes in capacity plans, allocation and process technology mix;
  • unavailability of materials, equipment, manpower and expertise;
  • access to or delays in technological advances or development of process technologies;
  • the successful implementation of technology and supply alliances (including joint development agreements with IBM, Infineon, Samsung, Toshiba, STMicroelectronics, AMD and NEC);
  • the growth rate of fabless companies, the outsourcing strategy of integrated device manufacturers, or IDMs, and the expectation that IDMs will utilize foundry capacity more extensively; and
  • terrorist attacks, acts of war, or the possibility of an outbreak of Bird Flu or any other infectious disease in Singapore, as well as other parts of the world.

Additional information as to these factors can be found in GLOBALFOUNDRIES Singapore's 2008 Annual Report on Form 20-F in the sections entitled "Key Information" and "Information On Our Company" and in the notes to the consolidated financial statements.

GLOBALFOUNDRIES Singapore Pte. Ltd.
(f.k.a. Chartered Semiconductor Manufacturing Ltd.):
Jon Carvill, +1-408-462-4074 (U.S.)
jon.carvill@globalfoundries.com
or
Yuan See Lim, +65 6339 9110 (Singapore)
ylim@kreabgavinanderson.com



 
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