ASM International N.V. Shareholders support Management and Supervisory Boards at EGM

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Beleggingsadvies 28/11/2006 07:33
ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) released the voting results for proposals presented at the Extraordinary General Meeting of Shareholders (EGM) held today in Zeist, the Netherlands. Shareholders supported the Company's Boards on all proposals: the appointment of directors; the viability of the current corporate structure; and changes in the Company's Articles of Association.

Election of Directors
ASMI congratulates Mr. Lee Wai Kwong, CEO-elect of ASM Pacific Technology, Ltd., on his appointment to the Management Board, effective January 1, 2007; and Mr. Heinrich W. Kreutzer on his appointment to the Supervisory Board effective immediately.

Motion to Split ASMI Front-end and Back-end Activities
Shareholders strongly supported Management's position that the present corporate structure combining wafer processing and assembly/packaging activities offers the greatest potential for ASMI's future and for improving shareholder value. A significant majority of the votes cast voted against a non-binding motion to split ASMI's businesses into two separate components.

Articles of Association
ASMI shareholders also approved changes in the Company's Articles of Association, which among other matters increase shareholder participation in voting procedures for the appointment of Management and Supervisory Board members.

Commenting on the outcome of the voting, Arthur del Prado, ASMI President and CEO, said, "Shareholders have strongly expressed their views on the corporate structure. Management will continue to focus on bringing front-end operations to consistent profitability in the near future and continue to build a strong, innovative company that will promote the growth of shareholder value."




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