Taoyuan, Taiwan (R.O.C.) February 3rd, 2010 – Inotera Memories, Inc. ("Inotera") today announced that the first round of subscription to new common shares has already been completed smoothly, and the high subscription ratio is in line with the company's expectations. With respect to any shares left unsubscribed by the deadline, Inotera has already identified specific investors to subscribe for such shares and received commitments from such investors to subscribe all left-over shares at the offering price of NTD 22.5 per share. Hence, the company expects to successfully raise NTD 14.4 billion and complete this fund raising project as scheduled by February 6th.

The funds will be used mainly for the conversion to 50nm stack technology. Shipment qualification of Inotera's 50nm production process is expected to be granted by the company's customers by the end of the first quarter of 2010, with the progressive conversion of the production line to a 50nm 2Gb DDR3 DRAM product expected to start following such shipment qualification.

Backed up by the strong support and leading technology from its partners Micron Technology Inc. and Nanya Technology Corp, Inotera Memories will continuously strive to pursue the maximum value for its shareholders.

About Inotera
Inotera Memories, Inc. was incorporated on January 23rd, 2003. Inotera's production facilities are designed to manufacture high-density and high-performance DRAM（Dynamic Random Access Memory）products using state-of-the-art technology. The combination of world-leading technology transferred from its technology partners and local cost-efficiency in mass production has resulted in an innovative company that is highly productive, highly competitive and at the leading edge in the DRAM industry. For more information, please visit Inotera's IR Website：http://ir.inotera.com