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Dialog Semiconductor Notice of Early Redemption of US$201,000,000 1 Per Cent. Convertible Bonds Due 2017

Dialog Semiconductor plc (FWB: DLG) (Dialog) announces that, in accordance with the terms and conditions (the Conditions) of its US$201,000,000 1 per cent. convertible bonds due 2017 (ISIN XS0757015606) (the Bonds), Dialog has exercised its option to redeem all outstanding Bonds on 5 May 2015 (the Optional Redemption Date).

The requirements for early redemption of the Bonds at the option of Dialog are fulfilled as a result of the Parity Value (as defined in the Conditions) having exceeded 130 per cent. of the principal amount of a Bond on at least 20 of the 30 consecutive dealing days up to and including 13 March 2015.

As such, Citibank N.A., London Branch (the Paying and Conversion Agent) will today despatch an optional redemption notice to all the holders of the Bonds.

As an alternative to the redemption of the Bonds, Bondholders have the option under the Conditions to exchange Bonds for ordinary shares in Dialog by delivering a conversion notice to the Paying and Conversion Agent by no later than 5pm (CEST) on 28 April 2015.

As at today's date, the conversion price for holders of the Bonds is US$29.5717 per ordinary share. On 13 March 2015, being the latest practicable date prior to the date of this announcement, the aggregate principal amount of Bonds outstanding was US$201,000,000, and the closing price of an ordinary share in Dialog, as derived from the Frankfurt Stock Exchange, was EUR43.18 or US$45.69 (at an exchange rate of EUR1 = US$1.0582).

If all Bondholders exercise at their conversion rights in respect of all outstanding Bonds, the maximum number of new ordinary shares that would be issued would be 6,797,039 (which represents 9.56 per cent. of the current total number of ordinary shares issued by Dialog) and the total number of ordinary shares issued by Dialog would increase from 71,068,930 to 77,865,969.

This early redemption will not result in dilution of Dialog's diluted earnings per ordinary share. The potential maximum number of ordinary shares that would be created by the full conversion of the Bonds were included on a fully diluted basis in the calculation of the full year 2014 diluted earnings per share (see Note 2. of the Financials and selected notes 2014 report available on www.dialog-semiconductor.com/investor-relations/reports-filings/annual-rep orts).

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Information and Explaination of the Issuer to this News:

A copy of the optional redemption notice to Bondholders is available from the Investor relations section of Dialog's website www.dialog-semiconductor.com.

Note to editors

Dialog Semiconductor creates highly integrated, mixed-signal integrated circuits (ICs), optimised for personal portable, low energy short-range wireless, LED solid state lighting and automotive applications. The company provides flexible and dynamic support, world-class innovation and the assurance of dealing with an established business partner.

With its focus and expertise in energy-efficient system power management and a technology portfolio that also includes audio, short-range wireless, AC/DC power conversion and multi-touch, Dialog brings decades of experience to the rapid development of ICs for personal portable and digital consumer applications, including smartphones, tablets, Ultrabooks(TM) and emerging wearable type devices.

Dialog's power management processor companion chips increase the performance of portable devices by extending battery lifetime, enabling faster charging and enhancing the consumer's experience. With world-class manufacturing partners, Dialog operates a fabless business model.

Dialog Semiconductor plc is headquartered in London with a global sales, R&D and marketing organisation. In 2014, it had approximately $1,156 million in revenue and was one of the fastest growing European public semiconductor companies. It currently has approximately 1,300 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006) and is a member of the German TecDax index.

16.03.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:   English
Company: Dialog Semiconductor Plc.
Tower Bridge House, St. Katharine's Way
E1W 1AA London
United Kingdom
Phone: +49 7021 805-412
Fax: +49 7021 805-200
E-mail:

[email protected]

Internet:

www.diasemi.com

ISIN: GB0059822006, XS0757015606
WKN: 927200
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service

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