Inotera Memories : Clarification on Media Speculation on the Share Swap transaction between Inotera and Micron Semiconductor Taiwan Co. Ltd. by Liberty Times

1.Date of occurrence of the event:2016/06/20

2.Company name:Inotera Memories, Inc.

3.Relationship to the Company (please enter 'head office' or 'subsidiaries'):head office

4.Reciprocal shareholding ratios:N/A

5.Name of the reporting media:Liberty Times

6.Content of the report:

Media Speculation on the Share Swap transaction between Inotera and Micron Semiconductor Taiwan Co. Ltd.('MST')

7.Cause of occurrence:To clarify the report of the media.

8.Countermeasures:Release MOPS announcement to explain the above-mentioned news.

9.Any other matters that need to be specified:

A.The above-mentioned news statement are estimated by the media.

B.At this time, the Company can't share additional information under a non-disclosure agreement. The share-swap deal doesn't break down and is still on-going. The Company will continue to work on transaction process.

C.The Company did not negotiated the share swap purchase price with MST (and its parent Company, Micron Semiconductor B.V.)