All of STMicroelectronics' press releases are available at www.st.com/stonline/press/news/latest.htm. All of ST-Ericsson's press releases are available at http://www.stericsson.com/press/press_releases.jsp.

IPAD, MDmesh and SuperMESH are trademarks of STMicroelectronics. All other trademarks or registered trademarks are the property of their respective owners.

Use of Supplemental Non-U.S. GAAP Financial Information

This press release contains supplemental non-U.S. GAAP financial information, including adjusted operating income (loss), adjusted net earnings (loss), adjusted net earnings (loss) per share, net operating cash flow and net financial position.

Readers are cautioned that these measures are unaudited and not prepared in accordance with U.S. GAAP and should not be considered as a substitute for U.S. GAAP financial measures. In addition, such non-U.S. GAAP financial measures may not be comparable to similarly titled information by other companies.

See Attachment A of this press release for a reconciliation of the Company's non-U.S. GAAP financial measures to their corresponding U.S. GAAP financial measures. To compensate for these limitations, the supplemental non-U.S. GAAP financial information should not be read in isolation, but only in conjunction with the Company's consolidated financial statements prepared in accordance with U.S. GAAP.

Forward-looking information

Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on management's current views and assumptions, and are conditioned upon and also involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those in such statements due to, among other factors:

    --  Effect of the current economic downturn on demand in the key application
        markets and from key customers served by our products, and changes in
        customer order patterns, including order cancellations, all of which
        generate uncertainties and make it extremely difficult to accurately
        forecast and plan our future business activities;
    --  our ability to adequately utilize and operate our manufacturing
        facilities at sufficient levels to cover fixed operating costs, as well
        as the financial impact of obsolete or excess inventories if actual
        demand differs from our anticipations;
    --  the impact of intellectual property claims by our competitors or other
        third parties, and our ability to obtain required licenses on reasonable
        terms and conditions;
    --  the outcome of ongoing litigation as well as any new litigation to which
        we may become a defendant;
    --  our ability to successfully integrate the acquisitions we pursue, in
        particular the successful integration and operation of ST-Ericsson in
        the current difficult economic environment;
    --  we hold significant non-marketable equity investments in Numonyx, our
        joint venture in the flash-memory market segment, and in ST-Ericsson,
        our joint venture in the wireless segment. Additionally, we are a
        guarantor for certain Numonyx debts. Therefore, declines in these market
        segments could result in significant impairment charges, restructuring
        charges and gains/losses on equity investments;
    --  our ability to manage in an intensely competitive and cyclical industry,
        where a high percentage of our costs are fixed and are incurred in
        currencies other than U.S. dollars as well as our ability to execute our
        restructuring initiatives in accordance with our plans if unforeseen
        events require adjustments or delays in implementation;
    --  our ability, in an intensively competitive environment, to secure
        customer acceptance and to achieve our pricing expectations for
        high-volume supplies of new products in whose development we have been,
        or are currently, investing;
    --  the ability to maintain solid, viable relationships with our suppliers
        and customers in the event they are unable to maintain a competitive
        market presence due, in particular, to the effects of the current
        economic environment;
    --  changes in the political, social or economic environment, including as a
        result of military conflict, social unrest and/or terrorist activities
        ,economic turmoil, as well as natural events such as severe weather,
        health risks, epidemics (including the potential impact of swine flu on
        our operations or those of our customers) or earthquakes in the
        countries in which we, our key customers or our suppliers, operate; and
    --  changes in our overall tax position as a result of changes in tax laws
        or the outcome of tax audits, and our ability to accurately estimate tax
        credits, benefits, deductions and provisions and to realize deferred tax
        assets.

Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of our business to differ materially and adversely from the forward-looking statements. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "are expected to," "will," "will continue," "should," "would be," "seeks" or "anticipates" or similar expressions or the negative thereof or other variations thereof or comparable terminology, or by discussions of strategy, plans or intentions. Some of these risk factors are set forth and are discussed in more detail in "Item 3. Key Information -- Risk Factors" included in our Annual Report on Form 20-F for the year ended December 31, 2008, as filed with the SEC on May 13, 2009. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed or expected. We do not intend, and do not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances.

Unfavorable changes in the above or other factors listed under "Risk Factors" from time to time in our Securities and Exchange Commission ("SEC") filings, including our Form 20-F, could have a material adverse effect on our business and/or financial condition.

STMicroelectronics Conference Call and Webcast Information

The management of STMicroelectronics will conduct a conference call and webcast on July 29, 2009 at 9:00 a.m. U.S. Eastern Time / 3:00 p.m. CET, to discuss its operating performance for the second quarter of 2009.

The conference call and webcast will be available via the Internet by accessing: http://investors.st.com. Those accessing the webcast should go to the Web site at least 15 minutes prior to the call, in order to register, download and install any necessary audio software. The webcast and conference call will be available until August 7, 2009.

About STMicroelectronics

STMicroelectronics is a global leader serving customers across the spectrum of electronics applications with innovative semiconductor solutions. ST aims to be the undisputed leader in multimedia convergence and power applications leveraging its vast array of technologies, design expertise and combination of intellectual property portfolio, strategic partnerships and manufacturing strength. In 2008, the Company's net revenues were $9.84 billion. Further information on ST can be found at www.st.com .