Veldhoven, the Netherlands, May 8, 2003
NOT FOR RELEASE OR DISTRIBUTION IN OR INTO CANADA OR JAPAN
ASML Holding NV (ASML) announces that it has priced today a €330 million offering of Convertible Subordinated Notes due 2010. The amount of the offering has been increased from €300 million. ASML has also granted the underwriters the right to purchase up to €50 million additional principal amount of notes to cover over-allotments in connection with the offering.
The coupon has been set at 5.5% payable annually on May 15 with the final interest payment set for May 15, 2010. The conversion price has been established at €14.30. Unless previously converted, the notes will be redeemed at the redemption price of 100% of their principal amount on May 15, 2010. ASML may call the notes for early redemption at any time after May 22, 2006, provided that ASML's shares close above 150% of the conversion price for twenty trading days out of a thirty-day period.
Payment and settlement of the notes will take place on or around May 15, 2003.
In connection with this offering, the lead manager may over-allot or effect transactions on Euronext Amsterdam, Nasdaq or in the over-the-counter market which stabilize or maintain the market price of the Notes or the shares into which the Notes are convertible at a level which might not otherwise prevail on those markets for a limited period. However, there may be no obligation on the lead manager to do this. Such stabilizing, if commenced, may be discontinued at any time and must be brought to an end after a limited period.
The Notes are not and will not be offered anywhere in the world other than to persons who trade or invest in securities in the conduct of their profession or trade (which includes banks, securities intermediaries (including dealers and brokers), insurance companies, pension funds, other institutional investors and commercial enterprises which as an ancillary activity regularly invest in securities).
This document does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein. The notes will not be registered under the US Securities Act of 1933 and may not be sold or offered within the United States except pursuant to an exemption from the registration requirements under that Act.
'Safe Harbor' Statement under the U.S. Private Securities Litigation Reform Act of 1995: the matters discussed in this document include forward-looking statements that are subject to risks and uncertainties including, but not limited to, economic conditions, product demand and industry capacity, competitive products and pricing, manufacturing efficiencies, new product development, ability to enforce patents, availability of raw materials and critical manufacturing equipment, trade environment, and other risks indicated in filings with the US Securities and Exchange Commission.
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