ChipMOS'S LENDERS WAIVE CERTAIN PENALTIES

USA - English

• USA - English
• USA - English

HSINCHU, Taiwan, Feb. 11 /PRNewswire-Asia-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS) today announced that it has obtained the approval from Majority Lenders of the US$74.5 million syndication loan agreement executed in July 2008 to waive certain penalties that otherwise may have been imposed on the Company in year 2008 and 2009. ChipMOS thanks its lenders for their continued support as the Company continues to successfully execute on its business in a healthier semiconductor environment, while further improving its financial structure.

About ChipMOS TECHNOLOGIES (Bermuda) LTD.:

ChipMOS (http://www.chipmos.com ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.

Forward-Looking Statements

Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.

    Contacts:

    In Taiwan R.O.C.
     Dr. S.K. Chen
     ChipMOS TECHNOLOGIES (Bermuda) LTD.
     Tel: +886-6-507-7712
     [email protected]

    In the U.S.
     David Pasquale
     Global IR Partners
     Tel: +1-914-337-8801
     [email protected]

SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.