Qimonda Announces Initial Public Offering on NYSE on August 9th, 2006; Initial Public Offering Price is US $ 13 per ADS

Business Wire, August 9, 2006

NEW YORK -- Infineon Technologies AG and Qimonda AG, together with the lead underwriters, fixed in New York today the initial public offering price and the issue size of Qimonda's initial public offering (IPO). The initial public offering price is US $ 13 per American Depository Share (ADS). American Depositary Shares (ADSs), each representing one ordinary share of Qimonda, will be trading on the New York Stock Exchange (NYSE) under the symbol "QI" beginning on August 9th. E[acute accent]42 million ADSs will be placed in the market, representing an aggregate issue size of US $ 546 million. In addition, Infineon is providing an over-allotment option of 6.3 million ADSs (15 percent of the ADSs offered) that can be placed in the offering. E[acute accent]"We received strong participation from many of the most prominent institutional investors in the US, largely in response to their enthusiasm for Qimonda's new business strategy," said Kin Wah Loh, President and CEO of Qimonda AG. "However, we also encountered a challenging market environment which has seen almost half of all planned IPO's since July 1st withdrawn from the marketplace."

E[acute accent]About Qimonda

E[acute accent]Qimonda AG, which was carved out from Infineon Technologies AG on May 1, 2006, is a leading global producer of DRAM memory products. Qimonda has access to manufacturing sites on three continents. With a historical emphasis on PC and server products, the company is now focusing on products for graphics, mobile and consumer applications. Further information is available at www.qimonda.com. E[acute accent]Photographs taken at the Listing Event in New York will be available at 8:30am EST (2:30pm CET) at www.qimonda.com/press

E[acute accent]Disclaimer

E[acute accent]This press release does not constitute an offer to acquire Qimonda shares. No public offer of Qimonda shares will be conducted in Germany. Accordingly, no securities prospectus with respect to Qimonda shares will be published. An offer of Qimonda shares would only be permissible under an exemption from the requirements to publish a prospectus under the German Securities Prospectus Act (Wertpapierprospektgesetz).