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

1.Date of occurrence of the event:2016/07/27

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:Economic Daily News, Liberty Times and China Times

6.Content of the report:Media Speculation on the Share Swap transaction between Inotera and Micron Semiconductor Taiwan Co. Ltd.

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 speculated by the media.

B. The share-swap deal is still on-going.

C. At this time, the Company can't share additional information under a non-disclosure agreement. The Company continues to work on transaction process.

D. Any update regarding the deal, the Company will announce on MOPS in accordance with the regulations.