Infineon eyes Friday the 13th public offering

July 2, 2001 — Munich, Germany — Chipmaker Infineon Technologies AG announced today that it plans to go ahead with a public offering of up to 60 million newly issued shares, likely on Friday, July 13.

The offering will include approximately 7.8 million shares in the underwriters’ over-allotment option. Infineon will issue the shares from its authorized capital in a capital increase without pre-emptive rights. No shares will be offered by any of Infineon’s existing shareholders.

The offering will take the form of simultaneous public offerings in Germany and the United States and a private placement to international institutional investors in the rest of the world. Infineon’s shares are listed on the Frankfurt Stock Exchange and its American Depositary Shares are listed on the New York Stock Exchange under the symbol IFX.

The company intends to use the net proceeds resulting from the offering to fund future capital expenditures and potential acquisitions, to repay short-term debt, and for working capital and other corporate purposes.

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