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Freescale Semiconductor Holdings I, Ltd. Prices Initial Public Offering at $18 Per Share

AUSTIN, Texas, May 25, 2011 (BUSINESS WIRE) --

Freescale Semiconductor Holdings I, Ltd. ("Freescale") (NYSE: FSL) announced today that the company has priced its initial public offering of 43,500,000 common shares at $18per share.

In connection with the offering, Freescale granted the underwriters a 30-day option to purchase up to 6,525,000 additional common shares at the public offering price less underwriting discounts to cover over-allotments, if any.

The common shares are expected to begin trading tomorrow, May 26, 2011, on the New York Stock Exchange under the symbol "FSL." The offering is expected to close on June 1, 2011.

Citi, Deutsche Bank Securities, Barclays Capital, Credit Suisse and J.P. Morgan are acting as joint book-running managers for the offering. Goldman, Sachs & Co., RBC Capital Markets, UBS Investment Bank, Sanford C. Bernstein, Gleacher & Company, Oppenheimer & Co., Pacific Crest Securities and Piper Jaffray are acting as co-managers for the offering.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.

The initial public offering is being made solely by means of a prospectus which may be obtained by contacting: Citi, Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone: 800-831-9146, e-mail: batprospectusdept@citi.com; or Deutsche Bank Securities, Attn: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, NJ 07311-3988, telephone: 800-503-4611, e-mail: prospectus.cpdg@db.com.

About Freescale Semiconductor Holdings I, Ltd.

Freescale Semiconductor is a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial and networking markets. The company is based in Austin, Texas, and has design, research and development, manufacturing and sales operations around the world.

Cautionary Note Regarding Forward Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the closing of the offering, the anticipated issuance of shares by Freescale and other statements that are not historical fact. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors. Some of these factors include customary closing conditions and such other risk factors as may be discussed in the final prospectus relating to the offering and subsequent reports filed with the Securities and Exchange Commission. We undertake no obligation to update any information contained in this press release.

Freescale(TM) and the Freescale logo are trademarks of Freescale Semiconductor, Inc. All other product or service names are the property of their respective owners. © Freescale Semiconductor, Inc. 2011.

SOURCE: Freescale Semiconductor Holdings I, Ltd.

Freescale Semiconductor
Media
Robert Hatley, 512-996-5134
robert.hatley@freescale.com
or
Investors
Mitch Haws, 512-895-2454
mitch.haws@freescale.com

Media Contacts

Social @Freescale