STATS ChipPAC Ltd. Announces Expiration and Final Results of Its Tender Offer for the Existing Notes

SINGAPORE -- 13 OCTOBER 2015, UNITED STATES--(Marketwired - Oct 13, 2015) - STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP) (SGX: S24), a leading semiconductor test and advanced packaging service provider, today announced the expiration and final results of the cash tender offer and consent solicitation in respect of its $200 million 5.375% Senior Notes due 2016 (the "2016 Notes") and $611.152 million 4.5% Senior Notes due 2018 (the "2018 Notes" and, together with the 2016 Notes, the "Existing Notes").

All capitalised terms used but not defined herein shall have the same meaning ascribed to them in the Company's Offer to Purchase and Consent Solicitation Statement dated September 4, 2015 (the "Offer to Purchase").

As of the Expiration Date, on Friday, October 9, 2015, at 5:00 p.m., New York City time, an aggregate principal amount of $152,596,000.00, representing 76.30%, of the 2016 Notes and an aggregate principal amount of $510,386,000.00, representing 83.51%, of the 2018 Notes have been validly tendered. The Company has accepted for purchase all validly tendered Existing Notes.

As previously announced, as of the Early Tender Date, on September 25, 2015, 5:00 p.m., New York City time, 76.09% of the principal amount of the 2016 Notes and 83.07% of the principal amount of the 2018 Notes have been validly tendered and the related consents have been validly delivered. The Company has purchased the Existing Notes tendered at or prior to the Early Tender Date on Tuesday, October 6, 2015, pursuant to its early purchase option in respect of the Offer.

The settlement date for the purchase of the Existing Notes validly tendered after the Early Tender Date is expected to be Friday, October 16, 2015. These Existing Notes will be cancelled immediately upon purchase. The terms and conditions of the Offer, including the Company's obligation to accept and pay the Tender Consideration for the Existing Notes are set forth in the Offer to Purchase.

Barclays Bank PLC, Singapore Branch ("Barclays"), DBS Bank Ltd. ("DBS") and ING Bank N.V., Singapore Branch ("ING") acted as the Dealer Managers and The Bank of New York Mellon acted as the Tender Agent for the Offer.

Change of Control Offer

The Change of Control Offer, commenced by the Company pursuant to the Change of Control Notice and Offer Document on September 4, 2015 concurrently with the Offer and Consent Solicitation, is expected to expire at 5:00 p.m., New York City time, on October 13, 2015 (unless extended in accordance with the Change of Control Notice and Offer Document).