Renesas Electronics Reaches a Definitive Agreement to Transfer Certain Assets and Shares of Subsidiaries Related to its LTE Modem Technology

(*1) Please refer to Broadcom's investor site at http://investor.broadcom.com

4. Subjects to be Transferred and Purchase Price

(1) Subjects to be Transferred
All the shares of RME and RMI as well as certain assets related to the LTE Modem technology shall be transferred.
 
(2) Purchase Price
Expected purchase price is approximately USD 164 million including all the shares of RME and RMI as well as certain assets related to the LTE Modem technology. The final purchase price is subject to adjustment under the Definitive Agreement.

5. Number of Shares Transferred, and Number of Shares Before and After Transfer

(1) RME

a) Number of Shares Before Transfer   10,000 shares (% held: 100%)
b) Number of Shares Transferred   10,000 shares (% held: 100%)

c) Number of Shares After Transfer

  0 shares (% held: 0%)
 

(2) RMI

a) Number of Shares Before Transfer  

3,872,500 shares (% held: 100%)
*) 100% held by RME and RMC combined with
RMC holding one hundred shares

b) Number of Shares Transferred  

3,872,500 shares (% held: 100%)
*) 100% held by RME and RMC combined with
RMC holding one hundred share

c) Number of Shares After Transfer

  0 shares (% held: 0%)

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