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SWX Swiss Exchange: austriamicrosystems AG Opens At CHF 35

Date 17/05/2004

The shares of austriamicrosystems AG, an Austrian semiconductor manufacturer, were traded today for the first time in the SWX Swiss Exchange's main trading segment. The offering price was set this past weekend at CHF 35 and the stock opened at the same price in its debut on SWX, thus representing a total market capitalization for the company of CHF 385 million.

According to the offering prospectus, of the 11,000,000 bearer shares reflected in the Commercial Register, 3,700,000, or 33.63% of the company's outstanding stock, were offered to the public. Should the underwriters elect to exercise their green-shoe option, the free float could increase up to 38.68% through the issuance of 555,000 additional shares. 2,000,000 of the publicly offered shares originate from a capital increase associated with the IPO.

austriamicrosystems AG is technology company involved in the development and production of semiconductors, and has its headquarters in Unterpremstätten, Austria.

Founded in 1981, austriamicrosystems AG today employs approximately 800 individuals. In 2003, the company earned revenues totalling EUR 134 million.