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SGS-THOMSON Microelectronics becomes STMicroelectronics

St. Genis, France -- 18 May 1998 -- The Annual General Meeting of SGS-THOMSON Microelectronics NV which met today in Amsterdam has approved the change of name of the Franco-Italian group to STMicroelectronics.

Commenting on the name change, Pasquale Pistorio, President and Chief Executive Officer, said "We are indebted to our predecessor companies, SGS Microelectronics and Thomson Semiconducteurs, which a decade ago provided the technological, operational and human foundations upon which our present enterprise was built. Today, as we enter a new phase of our development, it is time to adopt a new corporate identity."

The ST logo of the company will remain unchanged.

All legal formalities relating to the name change and its registration for STMicroelectronics Group Companies world-wide are expected to be completed by the end of June 1998.

STMicroelectronics is a global independent semiconductor company with strong European roots, whose shares are listed on the New York Stock Exchange (NYSE: STM) and on the Bourse de Paris. It designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (ICs) and discrete devices used in a wide variety of microelectronics applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. Further information on ST can be found at www.st.com.

Note to editors: There is no space between ST and Microelectronics. The letters STM are written in caps and "icroelectronics" in lower case. The preferred abbreviation is ST.
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