The Bank of New York Mellon Reappointed Depositary Bank by Silicon Motion Technology Corporation

PRNewswire
NEW YORK
(NYSE:BK)
Aug 18, 2009

NEW YORK, August 18, 2009 — The Bank of New York Mellon (NYSE: BK), the global leader in asset management and securities servicing, has been reappointed by Silicon Motion Technology Corporation (Silicon Motion) as the depositary bank for its American depositary receipt (ADR) program. The Bank of New York Mellon has served as depositary for Silicon Motion since its initial public offering in June 2005. Each Silicon Motion ADR represents four ordinary shares and trades on the Nasdaq Global Select Market under the symbol "SIMO."

Silicon Motion is a fabless semiconductor company that designs, develops and markets high performance, low-power semiconductor solutions for the multimedia consumer electronics market. The company has three major product lines: mobile storage, mobile communications, and multimedia SoCs. Its mobile storage business is composed of microcontrollers used in NAND flash memory storage products such as flash memory cards, USB flash drives, SSDs, embedded flash applications, and card readers. Its mobile communications business is composed of mobile TV IC solutions, CDMA RF ICs, and electronic toll collection RF ICs. Silicon Motion's multimedia SoCs business is composed of products that support portable multimedia players, DAB systems, PC cameras, and embedded graphics applications.

"From the very beginning of our partnership with The Bank of New York Mellon, they have demonstrated a strong understanding and expertise of the DR market," said Riyadh Lai, chief financial officer of Silicon Motion. "Given our experience in working with The Bank of New York Mellon, we believe they are best positioned to assist us in achieving our strategic goals."

"Our reappointment as depositary by Silicon Motion testifies to the quality of our people and the services we provide," said Michael Cole-Fontayn, chief executive officer of The Bank of New York Mellon's Depositary Receipt business. "We look forward to building on our partnership with Silicon Motion and further developing programs to help them raise visibility of their ADR program with the U.S. and global investment community."

The Bank of New York Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at www.bnymellon.com/dr.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $20.7 trillion in assets under custody and administration, $926 billion in assets under management, services more than $11.8 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at bnymellon.com.

This release is for informational purposes only. The Bank of New York Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.