NATIONAL SEMICONDUCTOR CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
(In millions)

                                    Nov. 29,             May 31,
                                      2009                2009
                                      ----                ----
ASSETS
Current assets:
  Cash and cash equivalents         $821.7               $700.3
  Receivables                         87.6                 71.7
  Inventories                        116.4                134.6
  Deferred tax assets                 73.0                 72.6
  Other current assets               135.5                108.0
                                     -----                -----

  Total current assets             1,234.2              1,087.2

Net property, plant and
 equipment                           416.0                461.8
Goodwill                              66.1                 61.5
Deferred tax assets, net             256.7                251.5
Other assets                         102.5                101.3
                                     -----                -----

Total assets                      $2,075.5             $1,963.3
                                  ========             ========

LIABILITIES AND
 SHAREHOLDERS' EQUITY
Current liabilities:
  Current portion of long-
   term debt                        $339.0                $62.5
  Accounts payable                    41.7                 40.3
  Accrued expenses                   161.2                144.6
  Income taxes payable                17.0                 28.2
                                      ----                 ----

  Total current liabilities          558.9                275.6

Long-term debt                       921.8              1,227.4
Long-term income taxes
 payable                             169.1                162.6
Other non-current
 liabilities                         129.5                120.7
                                     -----                -----

  Total liabilities                1,779.3              1,786.3
                                   -------              -------

Commitments and
 contingencies

Shareholders' equity:
  Common stock of $0.50 par
   value                             118.9                116.3
  Additional paid-in-capital         145.0                 67.6
  Retained earnings                  156.0                116.8
  Accumulated other
   comprehensive loss               (123.7)              (123.7)
                                    ------               ------

  Total shareholders' equity         296.2                      177.0
                                                                          -----                                -----

Total  liabilities  and
  shareholders'  equity                          $2,075.5                          $1,963.3
                                                                    ========                          ========