Cypress Announces Quarterly Cash Dividend

It is expected that the declared dividend will be paid from U.S. domestic sources other than the Company's retained earnings and is expected to be treated as a return of capital for U.S. tax purposes for the 2012 fiscal year, although the final determination of the tax treatment of the dividend will be made after the Company’s 2012 fiscal year end. The Company will provide direction annually on the potential tax treatment of the dividend for U.S. tax purposes.

Cypress’s dividend policy and the payment of cash dividends under that policy are subject to the Board's continuing determination that the dividend policy and the declaration of dividends are in the best interests of Cypress’s stockholders and are in compliance with all laws and agreements of Cypress applicable to the declaration and payment of cash dividends. The dividend may be changed or cancelled at the Company’s discretion at any time.