Under the transaction MST will acquire all of the issued and outstanding common shares of the Company for NT$30 per share in cash. After the closing of the Transaction, Inotera will become a wholly owned subsidiary of Micron Technology, Inc. and will be delisted from the Taiwan Stock Exchange on the share swap record date.

MST and Inotera signed a syndicated loan agreement of NT$80BN with a group of banks today. As a result, MST and the Company believe the conditions precedent to the Transaction are expected to be satisfied as of the share swap record date, and both parties are confident that the Transaction will be completed as scheduled. A delisting application will be filed with the Taiwan Stock Exchange Corporation in accordance with relevant laws and regulations.

The schedule of the Transaction process is as follows: Last trading day: November 29th, 2016; Trading suspension day: November 30th, 2016; Last day before book closure: December 1st, 2016; Book closure period: December 2nd, 2016 to December 6th, 2016; Share swap record date: December 6th, 2016.