Broadcom Files Preliminary Proxy Materials in Connection with Qualcomm's 2018 Annual Meeting and Files Hart-Scott-Rodino Notification Regarding Proposed Acquisition of Qualcomm

Additional Information
This communication does not constitute an offer to buy or solicitation of an offer to sell any securities.  This communication relates to a proposal which Broadcom has made for an acquisition of Qualcomm and Broadcom's intention to solicit proxies for the election of Broadcom nominees to the Qualcomm Board and certain other proposals at Qualcomm's 2018 annual meeting of stockholders.  Broadcom has filed a preliminary proxy statement on Schedule 14A with the SEC on December 11, 2017 in connection with the solicitation of proxies for Qualcomm's 2018 annual meeting of stockholders.  Broadcom expects to file a definitive proxy statement with the SEC in connection with the solicitation of proxies for Qualcomm's 2018 annual meeting of stockholders and may file other proxy solicitation materials in connection therewith.

In addition, in furtherance of the acquisition proposal and subject to future developments, Broadcom (and, if a negotiated transaction is agreed, Qualcomm) may file one or more registration statements, proxy statements, tender offer statements or other documents with the SEC.  This communication is not a substitute for any proxy statement, registration statement, tender offer statement, prospectus or other document Broadcom and/or Qualcomm may file with the SEC in connection with the proposed transaction.

Investors and security holders of Broadcom and Qualcomm are urged to read the proxy statement(s), registration statement(s), tender offer statement(s), prospectus(es) and/or other documents filed with the SEC carefully in their entirety if and when they become available as they will contain important information about the proposed transaction and solicitation.  Any definitive proxy statement(s) or prospectus(es) (if and when available) will be mailed to stockholders of Broadcom and/or Qualcomm, as applicable.  Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Broadcom through the web site maintained by the SEC at http://www.sec.gov.

This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

Participants in Solicitation
Broadcom, certain of its subsidiaries, its directors and executive officers, other members of management and employees and the nominees described above may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction, including with respect to Qualcomm's 2018 annual meeting of stockholders.  You can find information about Broadcom's executive officers and directors in Broadcom's definitive proxy statement filed with the SEC on February 17, 2017.  Information about the Broadcom nominees is included in the preliminary proxy statement that Broadcom has filed with the SEC and will be included in the definitive proxy statement that Broadcom intends to file with the SEC.  Additional information regarding the interests of such potential participants is included or will be included in one or more registration statements, proxy statements, tender offer statements or other documents filed or to be filed with the SEC if and when they become available.  These documents (if and when available) may be obtained free of charge from the SEC's website http://www.sec.gov.

Investors:

Ashish Saran
Broadcom Limited
Investor Relations
408-433-8000
investor.relations@broadcom.com

Or

Tom Germinario / Rick Grubaugh
D.F. King & Co., Inc.
212-269-5550

Media:

Joele Frank / Steve Frankel / Andi Rose
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

SOURCE Broadcom Limited

Contact:
Broadcom Limited
Qualcomm Incorporated



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