Renesas Electronics Announced the Assignment of the Voting Rights to Shareholders After Record Date

  Renesas Electronics Announced the Assignment of the Voting Rights to
  Shareholders After Record Date

Business Wire

TOKYO -- May 28, 2013

Renesas Electronics Corporation (TSE: 6723, Renesas), a premier supplier of
advanced semiconductor solutions, today announced that parties obtaining
common shares in the Company by third-party allotment after the Record Date
(March 31, 2013) for the Ordinary General Meeting of Shareholders scheduled to
be held on June 26, 2013, shall be granted voting rights at said General
Meeting of Shareholders, on condition of payment by June 25, 2013, of the
Amount to be Paid In.

1. Voting Rights Associated with New Shares

Issuance of New Shares by Third-Party Allotment

                                      Number of New Shares       Voting Rights
Shareholder                         Issued (Common Shares)   (Number of
                                                                 Votes)
Innovation Network Corporation of   1,152,917,000            11,529,170
Japan
Toyota Motor Corporation            41,666,600               416,666
Nissan Motor Co., Ltd.              25,000,000               250,000
Keihin Corporation                  8,333,300                83,333
Denso Corporation                   8,333,300                83,333
Canon Inc.                          4,166,600                41,666
Nikon Corporation                   4,166,600                41,666
Panasonic Corporation               4,166,600                41,666
Yasukawa Electric Corporation       1,250,000                12,500
                                                            

2. Reason for Grant of Voting Rights

The Company, based on a desire that the intentions of shareholders who
obtained shares at the point in time closest to the scheduled date of the
upcoming Ordinary General Meeting of Shareholders be reflected at said General
Meeting of Shareholders, has decided to grant voting rights to shareholders
whose shares were obtained after the Record Date, in accordance with Article
124, paragraph 4 of the Companies Act.

Reference 1

For an overview of the issue of new shares by third-party allotment, please
refer to the news release of December 10, 2012, entitled “Renesas Electronics
Announces Share Issue through Third-Party Allotment, and Change in Major
Shareholders, Largest Shareholder who is a Major Shareholder, Parent Company
and Other Related Companies,” to the notification of an extraordinary meeting
of the Company’s Board of Directors on February 22, 2013, and to the
notification of the matters decided at said meeting. Note that the scheduled
pay-in date for the new share issue by third-party allotment has not yet been
determined.

Reference 2

If the parties who obtain new shares by third-party allotment exercise their
voting rights at the Ordinary General Meeting of Shareholders scheduled to be
held on June 26, 2013, their respective shares of the total voting rights
(votes) as of May 28, 2013, will be as follows:

                                      Voting Rights (Number     Share of Total
Shareholder                         of                      Voting Rights
                                      Votes)
Innovation Network Corporation of   11,529,170              69.16%
Japan
Toyota Motor Corporation            416,666                 2.50%
Nissan Motor Co., Ltd.              250,000                 1.50%
Keihin Corporation                  83,333                  0.50%
Denso Corporation                   83,333                  0.50%
Canon Inc.                          41,666                  0.25%
Nikon Corporation                   41,666                  0.25%
Panasonic Corporation               41,666                  0.25%
Yaskawa Electric Corporation        12,500                  0.07%
                                                           

Note: The total voting rights (votes) as of May 28, 2013, was calculated by
adding to the total number of shareholder votes as of March 31, 2013, the
12,500,000 votes accruing to the new shares from the upcoming third-party
allotment.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723), the world’s number one supplier
of microcontrollers, is a premiere supplier of advanced semiconductor
solutions including microcontrollers, SoC solutions and a broad-range of
analog and power devices. Business operations began as Renesas Electronics in
April 2010 through the integration of NEC Electronics Corporation (TSE:6723)
and Renesas Technology Corp., with operations spanning research, development,
design and manufacturing for a wide range of applications. Headquartered in
Japan, Renesas Electronics has subsidiaries in 20 countries worldwide. More
information can be found at www.renesas.com.

Contact:

Renesas Electronics Corporation
Yoichi Kobayashi, + 81-3-6756-5555 (Japan)
yoichi.kobayashi.yk@renesas.com
 
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