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CHARTERED CORRECTS EXPLANATION OF OTHER INCOME 
Singapore - October 21, 2005 - Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: CHARTERED) announces a correction to the third quarter 2005 earnings release issued earlier today.
Under the "Summary of Third Quarter 2005 Performance" the paragraph relating to "Other income" explanation should read as follows:
"Other income was a net charge of $4.9 million compared to a net credit of $2.8 million in the year-ago quarter mainly due to an expense of $7.0 million related to the termination of hedging transactions and other costs as a result of the cash tender offer for the senior convertible notes due April 2006."
The other explanations and numbers in the third quarter 2005 earnings release are not affected by this correction.
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