Clarification of media reports

1.Date of occurrence of the event:2014/01/08
2.Company name:Inotera Memories,Inc.
3.Relationship to the Company (please enter "head office" or "subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Name of the reporting media:DIGITIMES
6.Content of the report:Micron, FPG renew DRAM pricing at Inotera
7.Cause of occurrence:NA
8.Countermeasures:
   a.Formosa Plastics Group and Micron have no plan to renegotiate the pricing agreement. The original agreement was signed in January 2013.
   b.The discount percentage in 2013 was fixed and become floating starting from 2014 according to the earnings. It's fairly reasonable to have higher discount percentage when making more profit and have lower discount percentage when making less profit. Inotera is expected to benefit from Micron's high value added products.
   c.The Board of Directors of the company will safe guard the company's best interest.
9.Any other matters that need to be specified:None


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