ASML to redeem 2.5% Convertible Subordinated Bonds due 2005

ASML Holding NV announces that in accordance with Section 5(2) of the Terms and Conditions of the 2.5% Convertible Subordinated Bonds due 2005 of ASML Holding NV set forth as Annex 1 to the Global Certificates representing the Bonds, dated as of April 9, 1998, ASML Holding NV has exercised its option to redeem, and does hereby call for redemption and will redeem on May 3, 2002, all of the Company's outstanding Bonds at a redemption price of 100.00% of the principal amount of the Bonds plus accrued interest to, but excluding May 3, 2002. The accrued interest on the Bonds to the Redemption Date will be €0.7563 in the aggregate per NLG 1,000 (or €453.7802) in principal amount of the Bonds.

Each NLG 1,000 (or €453.7802) principal amount of the Bonds is convertible into 23.3118 ordinary shares of the Company, nominal value €0.02 per share, in bearer form, at any time before 5:00 pm, New York City time, on May 2, 2002, the day prior to Redemption Date.

If full conversion takes place, a maximum of 13.794.454 shares will be issued.