NetLogic Microsystems announces pricing of $29.7 million of common stock

MOUNTAIN VIEW, USA: NetLogic Microsystems Inc., a leader in high-performance intelligent semiconductor solutions for next-generation Internet networks, announced the pricing of a registered direct equity financing of $29.7 million by issuing common stock from its existing shelf registration statement.

The company has entered into a subscription agreement with an institutional investor to sell 700,400 shares of common stock to the investor at a price of $42.45 per share. The company conducted the financing without the services of a placement agent or underwriter. Net proceeds of the transaction (after expenses of the offering) to the company are expected to be $29.6 million. The offering is expected to close on December 23, 2009.

The company intends to use the net proceeds of the offering to repay its outstanding debt under an existing term note with the remainder to be used for general corporate purposes, including working capital.

This release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus supplement and the accompanying base prospectus.

This offering is being made pursuant to an existing effective shelf registration statement and is being made directly by the Company. A prospectus supplement and the accompanying base prospectus will be filed with the Securities and Exchange Commission and will be available on the SEC’s website at www.sec.gov.