ams announces successful placement of USD 350 million 5-year convertible bonds

Premstaetten, Austria (25 September 2017) - ams AG (SIX: AMS), a leading worldwide supplier of high-performance sensor solutions, announces the successful placement of senior unsecured convertible bonds due 2022 in an aggregate nominal amount of USD 350 million (the "Bonds") and a denomination of USD 200,000 each. The Bonds are initially convertible into 3.27 million new ordinary no par value bearer shares, which will originate in general from the Company’s conditional capital, representing approximately 3.9% of the current outstanding share capital of ams. Subscription rights of existing shareholders of ams to subscribe to the Bonds have been excluded.

Following today's bookbuilding process, the Bonds were determined to bear a coupon of 0.875% per annum and the initial conversion premium was fixed at 50% above the reference share price of CHF 69.25 translated into USD at the prevailing exchange rate, corresponding to an initial conversion price of USD 106.91. The Bonds will have a maturity of 5 years and will be issued and redeemed at 100% of their principal amount. If not previously converted, redeemed or purchased and cancelled, the Bonds will be redeemed at par on September 28, 2022.

Settlement is expected on or around September 28, 2017. ams intends to apply for the Bonds to be admitted to trading on the Open Market segment of the Frankfurt Stock Exchange within 30 days after the settlement date.

The net proceeds from the issuance of the Bonds will be used for general corporate purposes.

The Bonds were offered only to institutional investors outside the U.S. in reliance on Regulation S (Category 1) under the United States Securities Act of 1933 as amended, as well as outside, Canada, Australia, Japan, South Africa or any other jurisdiction in which offers or sales of the securities would be prohibited by applicable law.

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This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding future results of operations and financial position, the business strategy, and plans and objectives for future operations, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. ams AG has based these forward-looking statements largely on current expectations and projections about future events and financial trends that it believes may affect the financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances described may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. All forward-looking statements are based only on data available to ams AG at the time of the issue of this press release. ams AG does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

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