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CHARTERED NAMES MAKOTO KAWAKAMI VICE PRESIDENT
AND GENERAL MANAGER OF CHARTERED JAPAN


Semiconductor industry veteran to succeed Masayuki Suzuki who retires end of June 2003

MAKOTO KAWAKAMI YOKOHAMA, Japan and SINGAPORE - June 26, 2003 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: Chartered), one of the world's top three dedicated semiconductor foundries, today announced the appointment of Makoto Kawakami as its new vice president and general manager of Chartered Japan. Mr. Kawakami will succeed Masayuki Suzuki, who will retire on June 30, 2003 after a 30-year career in the semiconductor industry. Mr. Kawakami will lead the Japan organization to leverage Chartered's collaborative business model and strengthened position in advanced technology for broadening the Company's access to new customers and market opportunities.

Mr. Kawakami has more than 20 years of experience in the semiconductor industry, and has held several senior management positions in business development, marketing and sales. Prior to joining Chartered, Mr. Kawakami was President of Xilinx K.K. in Japan, where he successfully led the team that regained Xilinx's market share leadership position for programmable logic devices. Before Xilinx K.K., Mr. Kawakami served as President of ZILOG Japan K.K., with responsibilities for business development and the preparation of ZILOG's initial public offering on the OTC Bulletin Board. From 1988 to 1998, Mr. Kawakami was President of Xicor K.K. where he established Xicor's first office in Japan, established a network of distributors, and helped strengthen key customer relationships with leading Japanese companies including NEC, Matsushita, Mitsubishi, Sharp, Toshiba, Nikon, JVC and Hitachi. Mr. Kawakami also spent five years at Intel K.K. in Japan, where his last position was director of distribution sales. Mr. Kawakami holds a bachelor of arts degree in management from the Musashi University, Tokyo and a master's degree in international management from the American Graduate School of International Management in Glendale, Arizona.

"We are pleased to have an accomplished semiconductor industry veteran like Mr. Kawakami leading Chartered Japan," said Bruno Guilmart, senior vice president of sales and marketing for Chartered. "Mr. Kawakami's extensive semiconductor product knowledge is important for strengthening our trusted relationships with Japanese customers and partners as well as growing our customer base."

Guilmart added, "We would like to take the opportunity to also thank Mr. Suzuki for his valuable contributions, and in particular, for his leadership during the early stages of Chartered's entry into the Japan market. Under his leadership, Chartered Japan has evolved into a strong customer service organization, with the capability to offer total product solutions for helping customers transition seamlessly from advanced system-on-chip (SoC) design to manufacturing. Mr. Suzuki's achievements are also reflected in Chartered's steady revenue growth and expanding customer base in Japan over the past three years, and we wish him well as he moves into a new phase in his life."

About Chartered

Chartered Semiconductor Manufacturing, one of the world's top three dedicated semiconductor 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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