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CHARTERED RECOGNIZED FOR ITS SAFETY STANDARDS AND PRACTICES BY SINGAPORE MINISTRY OF MANPOWER


SINGAPORE - July 31, 2003 - Chartered Semiconductor Manufacturing (NASDAQ: CHRT and SGX-ST: Chartered), one of the world's top three dedicated semiconductor foundries, today announced that four of its fabrication facilities received Gold and Silver honors at the annual Safety Performance Awards 2003 organized by Singapore's Ministry of Manpower (MOM).

Companies applying for the safety awards undergo rigorous review of their safety management systems and performance. The panel of judges includes representatives from the MOM, Singapore National Employers Federation, Singapore Contractors Association, Singapore Confederation of Industries, Association of Singapore Marine Industry and the National Trades Union Congress.

"Winning these safety awards assures our employees, customers, partners and suppliers that Chartered is committed to providing a safe and healthy work environment and protecting its long-term business interests," said Daniel Steele, director of corporate environmental, health & safety. "At Chartered, we emphasize an accident-free safety culture through the personal responsibility of our employees, resident partners, contractors and vendors."

For the second consecutive year, Chartered received Gold awards for its Fab 3 and Chartered Silicon Partners (CSP or Fab 6) for demonstrating excellent standards in safety performance and safety management systems. Chartered received Silver awards for its Fab 1 and Fab 2.

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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