LITE-ON TECHNOLOGY CORPORATION TO EXTEND TENDER OFFER FOR PERLOS UNTIL 26 OCTOBER 2007 LITE-ON TECHNOLOGY CORPORATION STOCK EXCHANGE RELEASE 5 OCTOBER, 2007 AT 4.10 P.M. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, HONG KONG OR SOUTH AFRICA. Lite-On Technology Corporation ("Lite-On") announced on 13 August 2007 a public cash tender offer for all issued and outstanding shares and options of Perlos Corporation ("Perlos" or the "Company"), (the "Tender Offer"). The Tender Offer is made by Lite-On (Finland) Oy, which is a wholly-owned subsidiary of Lite-On. The tender offer period commenced at 9.30 (Finnish time) on 3 September 2007 and was initially scheduled to end at 16.00 (Finnish time) on 5 October 2007. The completion of the Tender Offer is subject to inter alia the receipt of all approvals and the expiry of all waiting periods applicable under any relevant merger control or similar laws. Lite-On expects to receive the EU Commission as well as the Chinese merger control clearances in early October 2007. These are the only remaining merger control clearances and other regulatory approvals necessary for the completion of the Tender Offer. Lite-On has already received the Taiwanese merger control clearance and the approval from the Taiwan Investment Committee. Pursuant to the terms and conditions of the Tender Offer, Lite-On has decided to extend the tender offer period to Perlos' shareholders and option holders to end at 16.00 (Finnish time) on 26 October 2007. Except for the extension of the tender offer period, the terms and conditions of the Tender Offer remain unchanged. Lite-On will announce the preliminary result of the Tender Offer on or about 29 October 2007. In connection with the announcement of the preliminary result, it will be announced whether the Tender Offer will be completed and whether the offer period will be extended. Lite-On will announce the final result of the Tender Offer on or about 2 November 2007. The announcement of the final result will also confirm the percentage of shares and options that have been validly tendered for and not properly withdrawn. By the end of business on 4 October 2007, as an interim preliminary result of validly given acceptances of shares in accordance with the terms and conditions of the Tender Offer, Lite-On's ownership had reached 83.57 per cent of the shares and votes in Perlos (counted before taking into account dilution from the exercise of stock options). Should the validly tendered options be taken into account and should the proportion of share capital and voting rights be calculated in relation to the number of shares in a situation in which all the options issued by Perlos would have been converted into shares, Lite-On's holding in Perlos would be 83.56 per cent of share capital and voting rights. Lite-On has previously published information concerning the Tender Offer in a tender offer document dated 30 August 2007 and in stock exchange releases dated 13 August 2007 and 30 August 2007. The tender offer document will be supplemented with Perlos' third quarter interim report (Q3/2007) scheduled to be published on 23 October 2007. LITE-ON TECHNOLOGY CORPORATION Disclaimer These materials are not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer of the shares has not registered, and does not intend to register, any portion of the offering in the United States and does not intend to conduct a public offering of shares in the United States. This stock exchange release must not be published, released or otherwise distributed in whole or in part in or into the United States, Canada, Japan or Australia. This stock exchange release is neither an offer to purchase nor a solicitation for an offer to sell shares, and the tender offer will not be made directly or indirectly in the United States, Canada, Japan, Australia, Hong Kong or South Africa or any other jurisdiction where such an offer would violate laws of that jurisdiction. This stock exchange release and tender offer will not and may not be distributed, forwarded or transmitted in any way, such as by post, fax, email or telephone, or in any other way to or from areas where it would violate the law. Further information: Andrew Lin Chief Financial Officer Lite-On Technology Corporation +886-2-8798-2888 liteontechpr@liteon.com DISTRIBUTION Helsinki Stock Exchange Central media www.perlos.com
LITE-ON TECHNOLOGY CORPORATION TO EXTEND TENDER OFFER FOR PERLOS UNTIL 26 OCTOBER 2007
| Source: Perlos