EANS-Adhoc: austriamicrosystems AG / austriamicrosystems announces completion of transaction to acquire Texas Advanced Optoelectronic Solutions, Inc.

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announcement.
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14.07.2011

Unterpremstaetten, Austria (July 14, 2011) — austriamicrosystems AG
(SIX: AMS), a leading global designer and manufacturer of high
performance analog ICs for the consumer, communications, industrial,
medical and automotive markets, today announced the completion of the
transaction to acquire 100% of the shares in Texas Advanced
Optoelectronic Solutions, Inc. ("TAOS"), Plano, Texas (USA).

As part of the total consideration of approx. USD 320 million for the
acquisition of TAOS, 2,706,840 new austriamicrosystems no-par value
bearer shares were issued by way of a capital increase out of
existing authorized capital at an issue price of EUR 37.9843 per
share, and were privately placed with Twilight S, LLC, a limited
liability company owned by certain shareholders of TAOS. After the
capital increase, the company's statutory ordinary share capital is
divided into 13,753,092 ordinary no par value bearer shares with a
calculated nominal value of EUR 2.4224 per share.

The application for the newly issued austriamicrosystems shares to be
listed and admitted to trading on the SIX Swiss Exchange according to
the Main Standard was approved by the SIX Swiss Exchange. The listing
on the SIX Swiss Exchange will become effective and trading will
commence on July 15, 2011.

Following the successful completion of the transaction,
austriamicrosystems plans to hold an extraordinary shareholders
meeting in the near future where the shareholders shall in particular
decide on the election of two representatives of former TAOS
shareholders to the supervisory board.

"The acquisition of TAOS is a major step bringing the company to the
next level of growth and profitability and creating a strong platform
to expand our position in the high performance analog market. We
welcome all TAOS employees and look forward to working with the
talented team at TAOS on innovative sensor technologies for mobile
devices leveraging both companies´ world-class sensor expertise.
Together, we are in an excellent position to pursue the significant
opportunities for advanced sensor solutions in growth markets such as
smartphones and tablet PCs", commented John Heugle, CEO of
austriamicrosystems.

Important Note

Not for release, publication or distribution in the USA, Canada,
Australia and Japan. This ad-hoc release is for information purposes
only and does not constitute an offer to sell or a solicitation of an
offer to purchase securities. In connection with this transaction
there has not been, nor will there be, any public offering of the
shares of austriamicrosystems. The shares have not been and shall not
be registered under the U.S. Securities Act of 1933, as amended, and
may not be offered, sold or delivered within the USA or to U.S.
persons (as defined in regulation S under the U.S. Securities Act of
1933, in the respec-tive amended version) absent registration under
or an applicable exemption from the registration requirements of the
United States securities laws, or made public in publications with a
general circulation in the USA.

About austriamicrosystems

austriamicrosystems is a leading designer and manufacturer of high
performance analog ICs (integrated circuits), combining over 25 years
of analog design capabilities and system know-how with its own
state-of-the-art manufacturing and test facilities.
austriamicrosystems leverages its expertise in low power and high
accuracy to provide industry-leading standard and customized analog
products. Operating worldwide with more than 1,100 employees,
austriamicrosystems focuses on the areas of power management, sensors
& sensor interfaces and mobile infotainment in its markets Consumer &
Communications, Industry & Medical and Automotive.
austriamicrosystems is listed on the SIX Swiss Exchange in Zurich
(ticker: AMS). For more information, please visit
www.austriamicrosystems.com

Further inquiry note:
Moritz M. Gmeiner
Director Investor Relations
Tel: +43 3136 500-5970
Fax: +43 3136 500-5420
Email: investor@austriamicrosystems.com

end of announcement euro adhoc
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issuer: austriamicrosystems AG
Schloß Premstaetten
A-8141 Unterpremstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-5420
mail: investor@austriamicrosystems.com
WWW: www.austriamicrosystems.com
sector: Technology
ISIN: AT0000920863
indexes:
stockmarkets: official dealing: SIX Swiss Exchange
language: English