Singapore – 2/11/2008, United States – 2/11/2008 – STATS ChipPAC Ltd. (“STATS ChipPAC” or the “Company” – SGX-ST: STATSChP), a leading independent semiconductor test and advanced packaging service provider, today announced the repurchase of US$2.5 million principal amount of its outstanding US$6.2 million zero coupon convertible notes due 2008 at a consideration of US$2.9 million. The Company financed the repurchase of the US$2.5 million principal amount of these convertible notes with cash on hand. The Company will deliver the repurchased convertible notes to the trustee under the indenture governing the convertible notes for cancellation, whereupon US$3.7 million principal amount, representing approximately 3.2% of the original US$115.0 million principal amount, of the convertible notes will remain outstanding.
About STATS ChipPAC Ltd.
STATS ChipPAC Ltd. (“STATS ChipPAC” or the “Company” — SGX-ST: STATSChP) is a leading service provider of semiconductor packaging design, assembly, test and distribution solutions in diverse end market applications including communications, digital consumer and computing. With global headquarters in Singapore, STATS ChipPAC has design, research and development, manufacturing or customer support offices in 10 different countries. STATS ChipPAC is listed on the Singapore Exchange Securities Trading Limited (SGX-ST). Further information is available at www.ir.statschippac.com. Information contained in this website does not constitute a part of this release.