Infineon expects capital increase to be fully placed

NEUBIBERG, GERMANY: Infineon Technologies AG announced that a fund managed by Apollo Global Management LLC will subscribe for the approximately 14 million shares from the capital increase, which are still available as a result of unexercised subscription rights, at a subscription price of Euro 2.15.

This corresponds to approximately 1.3 percent of Infineon’s increased share capital totaling Euro 2.173 billion, assuming the capital increase is fully placed.

This move takes the total number of shares which are issued under the capital increase at a subscription price of Euro 2.15 to 337,000,000. In addition to the shares taken by Apollo, approximately 323 million shares are purchased by the exercise of subscription rights, leading to a 100 percent exercise of the subscription rights, including Apollo.

The gross amount from the capital increase presumably will be around Euro 725 million. Infineon expects trading in the new shares issued pursuant to the rights issue to begin on the Frankfurt Stock Exchange on Friday, August 7, 2009.

“This overall successful completion of our refinancing underlines the confidence of our shareholders in our company. The result is a stable financial situation that creates the base for a successful future of Infineon,” says Peter Bauer, CEO of Infineon Technologies AG.