TSMC Board of Directors Meeting Resolutions

Hsinchu, Taiwan, R.O.C. – August 13, 2019 –TSMC (NYSE: TSM) today held a meeting of the Board of Directors, which passed the following resolutions:

1. Approved a NT$2.5 per share cash dividend for the second quarter of 2019, and set December 25, 2019 as the record date for common stock shareholders entitled to participate in this cash dividend distribution, and the ex-dividend date for the common shares shall be December 19, 2019. As required by Article 165 of Taiwan’s Company Law, the shareholders' register shall be closed for five days prior to the record date (December 21 through December 25, 2019) for registration transfer, and the dividend will be paid on January 16, 2020.

In addition, the ex-dividend date for TSMC American Depositary Shares (ADSs) will be December 19. The record date for TSMC ADSs entitled to participate in this cash dividend distribution will be December 20. Holders of ADSs are encouraged to check with their securities brokers for receipt of the cash dividend in their own accounts. Any questions regarding this upcoming dividend may be directed to Mr. Ganesh Sarpotdar at Citibank, N.A. (Tel: +1-212-816-6783; email: ganesh.sarpotdar@citi.com)

2. Approved capital appropriations of approximately US$6,502.3 million for purposes including: 1) Construction of fab facilities; 2) Installation, expansion and upgrade of advanced technology capacity; 3) Installation of specialty technology capacity; 4) fourth quarter 2019 R&D capital investments and sustaining capital expenditures.

3. Approved the promotion of Deputy Chief Financial Officer Mr. Wendell Huang to Vice President, Chief Financial Officer and Spokesperson, effective September 1, 2019.

4. Approved the promotion of R&D Organization's Senior Director of Advanced Tool and Module Development Division Mr. S.M. Jang to Vice President.

TSMC Spokesperson

Wendell Huang
Vice President & Chief Financial Officer
Tel: 886-3-5055901

Acting Spokesperson/Media Contacts

Nina Kao
Public Relations Department
Tel: 886-3-5636688 Ext.7125036