NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE                                                                      21 November 2014

OFFER UPDATE

Further to the publication of the scheme document regarding the recommended cash acquisition of CSR plc by Qualcomm Global Trading Pte. Ltd., an indirect wholly owned subsidiary of Qualcomm Incorporated (the "Acquisition ") on 12 November 2014 and as required by Rule 2.6(e)(ii) of the Code, CSR plc ("CSR " or the "Company ") confirms all additional third parties with which CSR was previously in discussions (other than Qualcomm) have confirmed to CSR that they do not intend to make an offer for the Company and as a result they will be treated as if they have made a statement to which Rule 2.8 applies.

The timetable for the completion of the Acquisition remains as set out in the scheme document, with the court meeting of CSR shareholders to approve the Acquisition on 4 December 2014 and completion of the Acquisition expected by the end of the summer of 2015.


Enquiries:

CSR



Will Gardiner, Chief Financial Officer


+44 (0) 1223 692 000


J.P. Morgan Cazenove (financial adviser to CSR)



Rupert Sadler (New York)

Madhu Namburi


+1 212 270 6000


Dwayne Lysaght (London)

Jonathan Wilcox

James Robinson


+44 (0) 20 7777 2000


Goldman Sachs International (financial adviser to CSR)



Pawan Tewari (San Francisco)

Tammy Kiely

Mark Sorrell (London)

Nick Harper

Alex Garner


+1 415 393 7500

+44 (0) 20 7774 1000


FTI Consulting (PR adviser to CSR)



Charlie Palmer


+44 (0) 20 3727 1000

J.P. Morgan Limited, which conducts its UK investment banking businesses as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised and regulated in the United Kingdom by the Financial Conduct Authority. J.P. Morgan Cazenove is acting as financial adviser exclusively for CSR and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters in this announcement and will not be responsible to anyone other than CSR for providing the protections afforded to clients of J.P. Morgan Cazenove, nor for providing advice in relation to any matter referred to herein.

Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting for CSR and no-one else in connection with the matters set out in this announcement and will not be responsible to anyone other than CSR for providing the protections afforded to clients of Goldman Sachs International nor for providing advice in relation to the matters in this announcement. Neither Goldman Sachs International nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Goldman Sachs International in connection with this announcement, any statement contained herein or otherwise.


Publication on website

A copy of this announcement will be available free of charge, subject to certain restrictions relating to persons resident in restricted jurisdictions, on CSR's website at www.csr.com by no later than 12.00 p.m. (London time) on the Business Day following the date of this announcement in accordance with Rule 30.4 of the Code.

The content of CSR's website is not incorporated into and does not form part of this announcement.


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