TSMC Shareholders Approve NT$3.0 Cash and 0.5% Stock Dividend

Hsinchu, Taiwan, R.O.C., June 10, 2009 –TSMC (NYSE: TSM) today held the company’s annual shareholders’ meeting, at which shareholders approved the distribution of a NT$3.0 cash dividend per common share and a 0.5 percent stock dividend (5 shares for every 1,000 owned).

TSMC Spokesperson and Vice President Ms. Lora Ho said other major conclusions of the shareholders’ meeting were as follows:

1. Shareholders approved the 2009 Business Report and Financial Statements. Consolidated revenue for 2009 totaled NT$333.2 billion and net income was NT$99.9 billion, with earnings per share of NT$3.83.

2. Shareholders approved the capitalization of 2008 dividends, 2008 employee profit sharing, and capital surplus, and the issuance of 269,997,101 new shares for the purpose of this capitalization. Subsequent to such capitalization and issuance of new shares, TSMC’s capital stock shall be approximately NT$259.0 billion.

3. Shareholders elected TSMC’s 11th Board of Directors. The eight Directors are Morris Chang, F.C. Tseng, Rick Tsai, Tain-Jy Chen (Representative of the Development Fund, Executive Yuan), Peter L. Bonfield, Stan Shih, Carleton S. Fiorina, and Thomas J. Engibous. Four of those elected, Peter L. Bonfield, Stan Shih, Carleton S. Fiorina, and Thomas J. Engibous are independent directors.