LEGERITY AND CHARTERED ENTER INTO LONG-TERM MANUFACTURING AGREEMENT

Agreement establishes Chartered as a preferred supplier for leading fabless semiconductor company's high-voltage analog designs

AUSTIN, TX and SINGAPORE - April 19, 2002 - Legerity, Inc., and Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: Chartered) today announced that they have entered into a long-term manufacturing agreement. The agreement establishes Chartered as a preferred foundry for Legerity's bipolar communication IC products.

Chartered, one of the world's top three silicon foundries, will supply process solutions that address Legerity's high-voltage needs. These Chartered solutions will be used by Legerity in providing products to the communications market, including its high-voltage line interface devices for voice over broadband (VoB) and public voice network applications and its high-speed, low-power line driver products for ADSL applications.

"This agreement is an important milestone for Legerity as it establishes a long-term supply relationship with a world-class, pure-play foundry that offers a broad portfolio of advanced foundry capabilities, services and products," said Ron Van Dell, president and chief executive officer at Legerity. "This agreement gives Legerity a reliable manufacturing capability that will enable us to continue to develop and deliver high-voltage semiconductor products to meet the needs of communications equipment suppliers worldwide."

"Being selected as a preferred long-term provider to Legerity, which was honored last year as a fabless start-up of the year by the Fabless Semiconductor Association, demonstrates that the Chartered model addresses the needs of emerging fabless companies," said Barry Waite, president and CEO of Chartered. "Legerity, like other leading fabless companies, needs a manufacturing partner that can provide both technology and business solutions that will grow and evolve with it. Chartered provides that complete, long-term solution, and we are excited to be working with Legerity."

About Legerity, Inc.
Legerity, an analog/mixed-signal IC company focusing on next-generation voice and data networks, develops semiconductor products that enable voice over broadband, packet voice, public voice networks and xDSL line drivers for the new public infrastructure. Legerity is the only fabless semiconductor company that manages its own high-voltage, high-speed bipolar process. Legerity combines its high-voltage and CMOS process technologies, analog and digital circuit design capabilities, more than 600 patents, and extensive systems and field applications expertise to meet the design challenges of enterprise and telecommunication system manufacturers worldwide. Headquartered in Austin, Texas, Legerity has offices throughout North America, Europe and Asia. Visit Legerity on the Web at www.legerity.com.

About Chartered
Chartered Semiconductor Manufacturing, one of the world's top three silicon foundries, is forging a customized approach to outsourced semiconductor manufacturing by building lasting and collaborative partnerships with its customers. The Company provides flexible and cost-effective manufacturing solutions for customers, enabling the convergence of communications, computing and consumer applications. In Singapore, Chartered operates five fabrication facilities and has a sixth fab in the process of being developed as a 300mm facility.

A company with both global presence and perspective, Chartered is traded on both the Nasdaq Stock Market (Nasdaq: CHRT) and on the Singapore Exchange (SGX-ST: CHARTERED). Chartered's 4,000 employees are based at 12 locations around the world. Information about Chartered can be found at www.charteredsemi.com

Chartered Safe Harbor Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995
This report contains forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements about the long-term nature of the agreement, the success and appropriateness of Chartered's business strategy, Chartered's continued ability to supply process, technology and business solutions and the assurance of manufacturing capability for Legerity reflect our current views with respect to future events and are subject to certain risks and uncertainties, which could cause actual results to differ materially from historical results or those anticipated. For example, changes in the market outlook, customer demand, availability of materials, equipment and manpower, the successful implementation of this agreement, and continued success in technological advances could affect the above-mentioned forward-looking statements. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained. In addition to the foregoing factors, a description of certain other risks and uncertainties which could cause actual results to differ materially can be found in the section captioned "Risk Factors" in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events.

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