Wholly-Owned Subsidiary of ATIC Issues Notice of Expected Effective Date, Expected Settlement Date & Expected Preference Shar...

Chartered Semiconductor Manufacturing Ltd.:

VOLUNTARY CONDITIONAL CASH OFFER

ATIC International Investment Company LLC(Company Registration No. 1170717)(Incorporated in Abu Dhabi)

to acquire all the convertible redeemable preference shares in issue of

Chartered Semiconductor Manufacturing Ltd.(Company Registration No. 198703584K)(Incorporated in Singapore)

1. INTRODUCTION

ATIC International Investment Company LLC (the "Acquiror") refers to the offer letter (the "CRPS Offer Letter") dated 12 October 2009 issued by the Acquiror to the holders (the "Preference Share Holders") of the convertible redeemable preference shares (the "CRPS") in the capital of Chartered Semiconductor Manufacturing Ltd. (the "Company") in relation to the Acquiror's voluntary conditional cash offer (the "Preference Share Offer") to acquire all the CRPS held by the Preference Share Holders on the terms set out in the CRPS Offer Letter.

Unless otherwise defined, terms used in this Announcement shall have the same meanings as defined in the CRPS Offer Letter.

2. NOTICE OF EXPECTED EFFECTIVE DATE, EXPECTED SETTLEMENT DATE AND EXPECTED PREFERENCE SHARE OFFER PRICE

It is stated in the CRPS Offer Letter that the Acquiror will give notice of the Effective Date, the Settlement Date and the Preference Share Offer Price as soon as possible once the Effective Date has been determined. The Company had on 26 November 2009 announced that the Effective Date is expected to be on 18 December 2009. Accordingly, the Acquiror wishes to announce that it has today sent a letter to the Preference Share Holders notifying them of the expected Effective Date, the expected Settlement Date and the expected Preference Share Offer Price (the "Letter"). A copy of the Letter is attached as an appendix to this Announcement.

3. RESPONSIBILITY STATEMENT

The directors of the Acquiror and ATIC (including any director who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and the opinions expressed in this Announcement (other than those relating to the Company and its subsidiaries) are fair and accurate and that, where appropriate, no material facts have been omitted from this Announcement, the omission of which would make any statement in this Announcement misleading, and they jointly and severally accept responsibility accordingly. Where any information has been supplied by the Company or has been extracted or reproduced from published or otherwise publicly available sources, the sole responsibility of the directors of the Acquiror and ATIC for such information has been to ensure through reasonable enquiries, that such information has been accurately extracted from such sources or, as the case may be, accurately reflected or reproduced in this Announcement. The directors of the Acquiror and ATIC do not accept any responsibility for any information relating to or opinions expressed by the Company.

BY ORDER OF THE BOARD

Samak AzarDirector9 December 2009

Any enquiries relating to the acceptance procedures for the Preference Share Offer should be directed to:

Audrey ChanEmail: audrey.chan@bnymellon.comTelephone: +65 6432 0355 (during office hours)

Carol AuEmail: carol.au@bnymellon.comTelephone: +65 6432 0252 (during office hours)

APPENDIX

ATIC International Investment Company LLC(Incorporated in Abu Dhabi)(Commercial Registration Number. 1170717)Mamoura Building AMuroor RoadAbu Dhabi, United Arab Emirates

9 December 2009

To: The Holders of Convertible Redeemable Preference Shares of Chartered Semiconductor Manufacturing Ltd.

Dear Sir/Madam

1. Introduction

Reference is made to the offer letter (the "CRPS Offer Letter") dated 12 October 2009 issued by ATIC International Investment Company LLC (the "Acquiror") to the holders (the "Preference Share Holders") of convertible redeemable preference shares (the "CRPS") in the capital of Chartered Semiconductor Manufacturing Ltd. (ISIN XS0225408821) (the "Company") in relation to the Acquiror's voluntary conditional cash offer (the "Preference Share Offer") to acquire all the CRPS held by the Preference Share Holders on the terms set out in the CRPS Offer Letter.

Unless otherwise defined, terms used in this Letter shall have the same meanings as defined in the CRPS Offer Letter.

2. Notice of expected Effective Date, expected Settlement Date and expected Preference Share Offer Price

It is stated in the CRPS Offer Letter that the Acquiror will give notice of the Effective Date, the Settlement Date and the Preference Share Offer Price as soon as possible once the Effective Date has been determined. The Company had on 26 November 2009 announced that the Effective Date is expected to be on 18 December 2009. Accordingly, the Acquiror hereby notifies you that, unless otherwise announced from time to time by the Company prior to the expected Effective Date, the Effective Date is expected to be on 18 December 2009.

Following from the expected Effective Date as mentioned above, the Acquiror hereby further notifies you that:

(a) the Settlement Date in respect of valid acceptances of the Preference Share Offer which are complete in all respects and in accordance with the instructions given in the CRPS Offer Letter or as otherwise waived by the Acquiror and which are received on or before the expected Effective Date is expected to be 28 December 2009; and

(b) the Preference Share Offer Price which is an amount in United States Dollars equal to the Early Redemption Price determined by reference to the expected Effective Date is expected to be US$9,777.82, provided that if any dividend or distribution with respect to the CRPS is declared on or after the Announcement Date, and such dividend or distribution is paid or made to Preference Share Holders of record as at any date prior to the expected Effective Date, the Preference Share Offer Price shall be reduced by the amount of such dividend or distribution.

3. Expected Close of the Preference Share Offer

The Preference Share Offer will remain open for acceptance by Preference Share Holders at any time from the date of the CRPS Offer Letter until 5.30 p.m. (Singapore time) on the Effective Date, or such later date(s) as may be announced from time to time by and on behalf of the Acquiror by press release or other public announcement prior to the Effective Date.

Accordingly, unless otherwise extended, the Offer Period for the Preference Share Offer is expected to close at 5.30 p.m. (Singapore time) on 18 December 2009.

4. Responsibility Statement

The directors of the Acquiror and ATIC (including any director who may have delegated detailed supervision of this Letter) have taken all reasonable care to ensure that the facts stated and the opinions expressed in this Letter (other than those relating to the Company and its subsidiaries) are fair and accurate and that, where appropriate, no material facts have been omitted from this Letter, the omission of which would make any statement in this Letter misleading, and they jointly and severally accept responsibility accordingly. Where any information has been supplied by the Company or has been extracted or reproduced from published or otherwise publicly available sources, the sole responsibility of the directors of the Acquiror and ATIC for such information has been to ensure through reasonable enquiries, that such information has been accurately extracted from such sources or, as the case may be, accurately reflected or reproduced in this Letter. The directors of the Acquiror and ATIC do not accept any responsibility for any information relating to or opinions expressed by the Company.

Yours faithfully,

ATIC International Investment Company LLC

Chartered Semiconductor Manufacturing Ltd. (MM) (NASDAQ:CHRT)
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