Elpida Issues Notice on Petition to Commence of Corporate Reorganization Proceedings

Elpida Memory, Inc. hereby announces that At the meeting of the board of directors held on February 27, 2012, we resolved to file a petition for the commencement of corporate reorganization proceedings and filed the same with the Tokyo District Court. As such petition was duly received on the same day and then the Court has immediately rendered the temporary restraining order to restrain any repayment, etc., the comprehensive prohibition order to prohibit any execution and the supervision and examination order, we hereby notify thereof as follows. In this connection, our consolidated subsidiary, Akita Elpida Memory, Inc., has simultaneously filed a petition for the commencement of corporate reorganization proceedings. For such information, please refer to the separate “Notice on Petition for Commencement of Corporate Reorganization Proceedings and Uncollectibility of Debts of Our Subsidiary”.