AMD Announces Extension of Exchange Offer for Its 6.75% Senior Notes Due 2019 and 7.00% Senior Notes Due 2024 for Registered Notes

SUNNYVALE, CA--(Marketwired - Sep 11, 2014) - AMD (NYSE: AMD) announced today that its pending offer to exchange all of its outstanding 6.75% Senior Notes due 2019 ("6.75% Notes") and 7.00% Senior Notes due 2024 ("7.00% Notes"), which were issued in private placements (together, the "Private Notes") for an equal principal amount of new 6.75% Senior Notes due 2019 and 7.00% Senior Notes due 2024, each of which have been registered under the Securities Act of 1933, as amended, currently scheduled to expire at 5:00 p.m., New York City time, September 10, 2014, has been extended until 5:00 p.m., New York City time, on September 17, 2014.

To date, tenders with respect to approximately $598.9 million of the outstanding $600 million aggregate principal amount of the 6.75% Notes eligible to participate in the exchange offer and $499.6 million of the outstanding $500 million aggregate principal amount of the 7.00% Notes eligible to participate in the exchange offer, have been received.

This press release shall not constitute an offer to sell or exchange any securities or a solicitation of an offer to buy or exchange any securities. The exchange offer is being made only by means of the prospectus dated August 12, 2014, and the exchange offer, as extended hereby, remains subject to the terms and conditions contained in the prospectus dated August 12, 2014.

About AMD
AMD (NYSE: AMD) designs and integrates technology that powers millions of intelligent devices, including personal computers, tablets, game consoles and cloud servers that define the new era of surround computing. AMD solutions enable people everywhere to realize the full potential of their favorite devices and applications to push the boundaries of what is possible. For more information, visit http://www.amd.com.

Cautionary Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Forward-looking statements reflect current expectations and projections about future events, and thus involve uncertainty and risk. It is possible that future events, including whether the exchange offer is completed on the terms specified or at all, may differ from expectations due to a variety of risks and other factors such as those described in the "Risk Factors" section of the exchange offer prospectus and in AMD's Annual Report on Form 10-K for the fiscal year ended December 28, 2013, as updated by AMD's Quarterly Reports on Form 10-Q for the quarters ended March 29, 2014 and June 28, 2014, each as filed with the Securities and Exchange Commission. It is not possible to foresee or identify all such factors. Any forward-looking statements in this press release are based on certain assumptions and analyses made in light of AMD's experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations. AMD does not intend to update any particular forward-looking statements contained in this press release.

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