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CHARTERED TO HOST WEBCAST FOLLOWING ANNOUNCEMENT OF AGREEMENT WITH IBM

SINGAPORE - November 27, 2002 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: CHARTERED), one of the world's top three silicon foundries, will conduct a conference call with analysts and investors, following the announcement of a development and manufacturing agreement with IBM. The agreement is designed to provide customers with greater access to leading-edge semiconductor technologies and sourcing flexibility.

The press release was distributed through Business Wire earlier today and a copy of the release could also be obtained from our website at www.charteredsemi.com. The details of the conference call, which will be webcast, are below.

Conference call with analysts and investors

Chartered's president & CEO Chia Song Hwee will be discussing the agreement with analysts and investors on a conference call today, November 27, 2002, at 8:30 a.m. Singapore time (US time 4:30 p.m. PT/7:30 p.m. ET, November 26, 2002). A webcast of the conference call will be available to all interested parties on Chartered's Web site at www.charteredsemi.com, under Investor Relations, Releases & Confcalls, or at http://investor.charteredsemi.com/releases.cfm

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 markets. In Singapore, Chartered operates five fabrication facilities and has a sixth fab, which will be 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 3,500 employees are based at 11 locations around the world. Information about Chartered can be found at www.charteredsemi.com.

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