Advanced Semiconductor Engineering, Inc. Selects Citibank for NYSE-Listed ADR Program.

Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 27, 2000

Advanced Semiconductor Engineering (ASE), one of the world's major independent providers of semiconductor packaging services, has selected Citibank as depositary for its American Depositary Receipt (ADR) program, which has begun trading on the New York Stock Exchange (NYSE).

This new ADR program is an upgrade of a Citibank sponsored GDR program, which within approximately three months will be combined with an initial public offering (IPO) of new ASE shares in the U.S. Each American Depositary Share (ADS) represents five ordinary shares of ASE. The ordinary shares trade on the Taiwan Stock Exchange. The ADSs trade on the NYSE under the symbol "ASX" (CUSIP 00756M404).

"Citibank is delighted to support ASE as the company expands its offering in the U.S. market," said Kurt Schneiber, Global Managing Director, Citibank Depositary Receipt Services. "The listing will enable ASE to reach a broad base of U.S. investors and to continue its growth as a leading international provider of semiconductor packaging and testing services."

In addition to ASE's prominent position in semiconductor packaging services, together with its subsidiary ASE Test Limited the company is one of the world's largest independent providers of semiconductor testing services. Semiconductor packaging is the processing of bare semiconductors into finished semiconductors with enhanced electrical and thermal characteristics, and semiconductor testing is the use of sophisticated equipment and customized software programs to electrically test specified attributes of semiconductors. ASE offers packaging and testing services on both standalone and turnkey bases. Turnkey services consist of the integrated packaging, testing and direct shipment of semiconductors to end users designated by customers. For further information visit www.aseus.com.

Citibank Depositary Receipt Services leads the market in bringing quality issuers to the U.S. market and promoting ADRs as an effective capital markets tool. Citibank began offering American Depositary Receipts in 1928 and today is the market leader, widely recognized for delivering high quality, highly liquid programs to its customers.

Citibank Depositary Receipt Services is a part of Citibank Worldwide Securities Services (WWSS), a business within Citigroup's Global Corporate and Investment Bank. WWSS serves global issuers, investors and intermediaries through the world's largest and most acclaimed proprietary custody and clearing network, spanning 51 countries and territories. It currently provides securities services to more than 2,500 customers worldwide and has $4 trillion in assets under custody. WWSS is the industry's premier custodian of cross-border assets, top ranked global clearer and recognized leader in depositary receipt services, and agency and trust services.

Citigroup (NYSE:C), one of the world's most global financial services companies, provides some 100 million consumers, corporations, governments and institutions in 102 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citigroup and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, Commercial Credit and Primerica under Citigroup's trademark red umbrella.

Visit our web site at www.citibank.com/adr.

Information contained herein is a matter of record only. It should not be construed as advice or a recommendation by Citibank.