Seoul, Korea, June 15, 2001
hynix Semiconductor Inc. (www.hynix.com) and Salomon Smith Barney today priced a US$1,249,980,000 global offering of common shares in the form of Global Depositary Receipts for hynix, the world’s largest DRAM manufacturer, at US$12 per GDS. hynix has offered 104,165,000 GDSs representing 520,825,000 of its common shares (one GDS represents 5 common shares) in the Offering in the Korean and international capital markets.
The GDSs will commence trading on SEAQ International today and are expected to commence trading on the Luxembourg Stock Exchange on June 21, 2001. The issue was offered under Rule 144A and Regulation S of the US Securities Act of 1933. The Offering represents a major component in hynix’s previously announced restructuring plan to improve its financial platform and focus on its core semiconductor operations.
“We are now near the conclusion of the first ever market driven restructuring solution in Korean corporate history, involving a rationalization of hynix’s business to concentrate on our core competencies,” said hynix CEO C.S. Park. “We are greatly encouraged that we have been able to provide a commercially driven solution to support the Company in retaining its leading position in the semiconductor industry.” Salomon Smith Barney is serving as sole global co-ordinator, bookrunner and lead manager of the hynix GDS Offering. LG Securities is leading the Korean tranche.
About hynix Semiconductor Inc.
hynix Semiconductor Inc. (HSI) of Ichon, Korea, is an industry leader in the development, sales, marketing and distribution of high-quality semiconductors, including DRAM, SRAM, Flash memory and system IC devices. hynix Semiconductor is the world’s largest DRAM supplier with eleven semiconductor-manufacturing facilities worldwide, and production capacity of over 300,000 wafer starts per month. In addition, hynix is expanding its system IC business unit with leading technology and added deep-submicron foundry services to strategically broaden its overall semiconductor presence and achieve its goal of leading the global semiconductor market. Based in Korea, hynix maintains development, manufacturing, sales and marketing facilities strategically located worldwide.
# # # This announcement is not an offer of securities for sale in the United States. hynix securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of hynix securities in the United States will be made by means of an offering document that may be obtained from hynix and will contain detailed information about hynix, its management and its recent financial results.
