Avago Technologies Limited Prices Secondary Offering of 25,000,000 Ordinary Shares

SAN JOSE, Calif. & SINGAPORE — (BUSINESS WIRE) — January 28, 2010 — Avago Technologies Limited (Nasdaq: AVGO) announced the pricing yesterday of a secondary offering of 25,000,000 ordinary shares at a price to the public of $17.41 per share. All of the shares are being sold by existing shareholders as identified in the prospectus relating to the offering. In addition, the underwriters have a 30-day option to purchase from certain selling shareholders up to an additional 3,750,000 ordinary shares to cover over-allotments, if any. Avago will not receive any proceeds from this offering, other than proceeds from options exercised by certain shareholders in connection with the offering.

Joint book-running managers of the offering are Deutsche Bank Securities, Barclays Capital, Morgan Stanley and Citi. The co-managers of the offering are Credit Suisse, Goldman, Sachs & Co., J.P. Morgan, UBS Investment Bank, KKR and FTN Equity Capital Markets.

A registration statement relating to this offering was filed with, and declared effective on January 27, 2010 by, the Securities and Exchange Commission. This offering is being made solely by means of a written prospectus forming part of the effective registration statement. A copy of the prospectus relating to this offering may be obtained from Deutsche Bank Securities, Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, Telephone: (800) 503-4611; Barclays Capital, c/o Broadridge, Integrated Distribution Services, 1155 Long Island Ave., Edgewood, NY, 11717, Telephone (888) 603-5847 or by e-mail at Email Contact; Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, New York, NY 10014, or by e-mail: Email Contact; or Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Telephone: (800) 831-9146.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Avago Technologies Limited

Avago Technologies Limited is a leading designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Our product portfolio is extensive and includes approximately 7,000 products in four primary target markets: wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals.


Avago Technologies Limited
Investor Contact
Jacob Sayer, 408-435-7400
VP Business Development and IR
Email Contact

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