STATS ChipPAC adjusts 1Q revenue outlook

In its first quarter 2012 outlook published in the Company's fourth quarter and full year 2011 results release dated 1 February 2012, the Company had expected net revenues to be mid single digit decrease from prior quarter, with adjusted EBITDA in the range of 20% to 24% of revenue, and had expected capital expenditure in the first quarter of 2012 to be approximately $95 million to $105 million. STATS ChipPAC now expects that its net revenues in the first quarter 2012 to be 9% to 11% decrease from prior quarter due to weaker than expected demand. STATS ChipPAC expects adjusted EBITDA in the range of 20% to 24% of revenue and capital expenditure to be approximately $95 million to $105 million in the first quarter of 2012, in line with previous outlook.