STMicroelectronics' Shareholders Approve All Resolutions at Annual General Meeting

AMSTERDAM, May 25 /PRNewswire-FirstCall/ -- STMicroelectronics (NYSE: STM) has announced that all of the proposed resolutions were approved at the Company's Annual General Meeting (AGM), which was held in Amsterdam, the Netherlands, on May 25, 2010.

The main resolutions, proposed by the Supervisory Board, were:

• Approval of the Company's 2009 accounts reported in accordance with International Financial Reporting Standards (IFRS);
• The reappointment for a three-year term, expiring at the 2013 Annual General Meeting, for the following members of the Supervisory Board: Mr. Raymond Bingham and Mr. Alessandro Ovi; and
• The distribution of an annual cash dividend of US$0.28 per share, to be paid in four equal quarterly installments.

The complete agenda and all relevant detailed information concerning the STMicroelectronics N.V. Annual General Meeting, as well as all related AGM materials, will be available on the Company's web site (www.st.com) and made available to shareholders in compliance with legal requirements.

The draft minutes of the AGM will be posted on the Annual General Meeting page of the company website at: www.st.com/stonline/company/investor/genmeet/index.htm, as of June 14th, 2010.

Additionally, STMicroelectronics' 2009 accounts, reported in accordance with U.S. GAAP, were filed with the Securities and Exchange Commission on Form 20-F on March 10, 2010.

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 2009, the Company's net revenues were $8.51 billion. Further information on ST can be found at www.st.com.

SOURCE STMicroelectronics