Semiconductor Manufacturing International Corporation Clarification Announcement

SHANGHAI, Feb. 9 /PRNewswire-Asia / -- Semiconductor Manufacturing International Corporation (NYSE: SMI, SEHK: 981; the "Company") refers to certain articles in the press today regarding a possible capital injection plan and confirms that it is currently in negotiations with an investor in respect of a proposed investment in the Company through the subscription by such investor of shares in the Company ("Proposed Investment"). The terms of the Proposed Investment is still under negotiation and to-date, no binding agreement has been entered into by the Company and there is no assurance that any definitive agreement can be entered into by the parties.

In addition, the directors of the Company are, as always, also looking at other strategic and/or other opportunities to enhance shareholder value for the Company. No decision has been made about any resulting transaction. There is no certainty that any such opportunity will or will not result in any transaction by or involving the Company or its subsidiaries.

This announcement is made pursuant to the disclosure obligations under Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

As at the date of this announcement, the directors of the Company are Jiang Shang Zhou as Chairman of the Board of Directors and Independent Non-Executive Director of the Company; David N. K. Wang as President, Chief Executive Officer and Executive Director; Chen Shanzhi, Gao Yonggang and Zhou Jie (Wang Zheng Gang as alternate director to Zhou Jie) as Non-Executive Directors of the Company; and Tsuyoshi Kawanishi and Lip-Bu Tan as the other Independent Non-Executive Directors of the Company.

    Semiconductor Manufacturing International Corporation
    Dr. David N. K. Wang
    President, Chief Executive Officer
    Executive Director

    For further information, please contact:

    Semiconductor Manufacturing International Corporation
     Enling Feng
     Investor Relations
     Tel:   +86-21-3861-0000 x16275
     Email: [email protected]

     Stephanie Cheung
     Investor Relations
     Tel:   +86-21-3861-0000 x16113
     Email: [email protected]

     Anne Wong Chen
     Investor Relations
     Tel:   +86-21-3861-0000 x12804
     Email: [email protected]

     Edith Kwan
     Investor Relations
     Tel:   +852-2116-2624
     Email: [email protected]

SOURCE Semiconductor Manufacturing International Corporation

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