SILTERRA APPOINTS BRUCE GRAY ACTING CEO
Ahmad Pardas Accepts New Appointment at UEM Group 

Kulim, Malaysia (June 2, 2004) – Silterra Malaysia Sdn. Bhd., a leading wafer foundry, announced today that Bruce Gray, executive vice president and chief operating officer, would be the company’s acting CEO effective July 1, 2004. Ahmad Pardas Senin, appointed executive director of Silterra in April 2003 on secondment from United Engineers (Malaysia) Berhad and UEM World Berhad (“UEM Group”), will return to UEM Group as Group Managing Director and CEO. UEM Group is a subsidiary of Khazanah Nasional Berhad, the majority shareholder of Silterra. 

During his tenure with Silterra, Ahmad Pardas was instrumental in providing management leadership resulting in significant improvements in the operational performance of the company, including the achievement of 100 percent capacity utilization since August 2003, and positive EBITDA for Q4 2003 and Q1 2004. During his leadership, revenue grew 36 percent in 2003 amid the worst downturn in the history of the industry.

To ensure continued, smooth business operations, Bruce Gray has been named interim CEO by the Silterra’s Board of Directors. He will continue to oversee fab operations in addition to sales and marketing, business planning and information technology. 

“Ahmad made significant contributions to Silterra’s and to Malaysia’s increasing success in the global wafer foundry market. He has shown the leadership necessary to make an impact in this very competitive, high tech business and provided a crucial interface for Silterra with Khazanah,” said Bruce Gray.

Ahmad Pardas will remain as a member of the board of Silterra as a non-executive director. The company plans to name a new executive director and CEO in the coming months.

Silterra is expanding its facility and plans to have a production capacity of 29,000 wafers starts per month before the end of the year, a 35% increase over the current level, to support customers’ rising demands. 


About Silterra Malaysia Sdn. Bhd.:

Silterra Malaysia Sdn. Bhd. is a leading semiconductor wafer foundry that provides advanced foundry standard CMOS logic, high-voltage and mixed-signal/RF technologies. The company’s wafer fab has a designed capacity of 38,000 eight-inch wafers per month. Silterra, which is committed to world-class service and environmental friendliness, received Notable Mention in the Malaysian Prime Minister’s Hibiscus Award competition for Environmental Performance in 2003. The company is ISO 9001:2000 and ISO 14001 certified. Silterra’s headquarters and factory are located in Kulim, Malaysia, and has offices in San Jose (California), Scottsdale (Arizona), Hsinchu (Taiwan) and Munich (Germany). For additional information on Silterra or its services, please visit www.silterra.com.