Geneva, March 8, 2002 - Following the recent announcement by Borsa Italiana of the admission of STMicroelectronics shares to the MIB 30 index effective from March 18, 2002, and in line with the requirements of Borsa Italiana for companies whose shares comprise the MIB 30 index to disclose as soon as possible the dates for the distribution of any dividends, STMicroelectronics has confirmed that, if approved, the $0.04 dividend to be proposed at the Company's Annual General Meeting in Amsterdam on March 27, 2002, will be declared on Monday April 22, 2002.
Starting from April 22, 2002, STMicroelectronics shares will be quoted ex dividend on the markets on which they are listed (New York, Paris and Milan). For holders of shares listed on the NYSE, the record date for the distribution of dividends will be April 24, 2002, and payment date will be April 29, 2002.
About STMicroelectronics
STMicroelectronics, the world's third largest independent semiconductor company, is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2001, the Company's net revenues were $6.36 billion and net earnings were $257.1 million. Further information on ST can be found at www.st.com
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