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Spansion® Advises Former Saifun Shareholders on Tax Refund Procedures

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SUNNYVALE, Calif., Oct 31, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Spansion Inc., the world's largest pure-play provider of Flash memory solutions, today provided instructions for the former shareholders of Saifun Semiconductors Ltd. on how to recover withheld taxes from the Israeli Tax Authority. These tax withholdings arose as a result of Spansion's acquisition of Saifun Semiconductors Ltd. in 2007.

The complete text of the letter is available on Spansion's website at: http://www.spansion.com/about/investor_relations/Saifun_Former_Shareholders_Refund.pdf.

About Spansion

Spansion (Nasdaq: SPSN) is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in wireless, automotive, networking and consumer electronics applications. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to designing, developing, manufacturing, marketing, selling and licensing Flash memory solutions. For more information, visit http://www.spansion.com.

Spansion(R), the Spansion logo, MirrorBit(R), MirrorBit(R) Eclipse(TM), EcoRAM(TM), ORNAND(TM), ORNAND2(TM), HD-SIM(TM) and combinations thereof, are trademarks of Spansion LLC in the U.S. and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.

SOURCE Spansion Inc.

http://www.spansion.com/