April 26 ,2010

Toshiba Mobile Display Concludes Definitive Agreement with AU Optronics

Toshiba Mobile Display Co., Ltd. (TMD) today announced that it has concluded a definitive agreement with AU Optronics Corporation (AUO) under which the company will transfer to AUO all shares in its wholly owned subsidiary AFPD PTE., LTD. (AFPD), a manufacturer of LCD displays for PCs. The agreement follows on from a memorandum of understanding (MOU) signed by the companies at the end of March, 2010. Under the terms of the definitive agreement, TMD plans to transfer all shares of AFPD to AUO on July 1, 2010.

TMD will now concentrate management resources on its manufacturing facilities in Japan. These produce displays for mobile devices, including mobiles phones and smartphones, and for automotive applications, such as car navigation. TMD will also continue to implement restructuring initiatives to return its LCD business to the path of sustained growth with profit.

[About AFPD]

Location: 10 Tampines Industrial Avenue 3, Singapore 528798
Established: March 2001
Managing Director: Kazuo Kawasaki
Number of Employees: Approximately 900
Capital: 472,584,000 Singapore dollars
Business: Production of TFT LCD displays

[About AUO]

Location: No. 1, Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, Taiwan, R.O.C.
Established: August 1996
Chairman: K. Y. Lee
Number of Employees: Approximately 42,000
Sales: US$11,247 Million (FY2009 consolidated financial statement)
Products: TFT LCD displays (1.2” to 65”), LTPS displays (3” to 6.5”), TV Total Solutions (19" to 65")