Elantec Semiconductor Sets Price of Public Offering.

Business Editors

MILPITAS, Calif.--(BUSINESS WIRE)--Sept. 19, 2000

Elantec Semiconductor, Inc. (Nasdaq:ELNT) today announced a public offering of 1,600,000 shares of its common stock at $81.25 per share on the Nasdaq National Market.

Of this amount, 1,520,000 shares were offered by the Company and 80,000 shares were offered by selling stockholders. The Company has granted the underwriters an option to purchase an additional 240,000 shares of its common stock to cover over-allotments, if any. Robertson Stephens, Inc. is acting as the lead underwriter of the offering. The co-managers are Banc of America Securities LLC, Thomas Weisel Partners LLC and Adams, Harkness & Hill, Inc.

Elantec designs, manufactures and markets high performance analog integrated circuits primarily for the video, optical storage, communication and power management markets.

A copy of the prospectus relating to the offering may be obtained from Robertson Stephens, Inc., 555 California Street, San Francisco, California 94104, Banc of America Securities LLC, 600 Montgomery Street, San Francisco, California 94111; Thomas Weisel Partners LLC, One Montgomery Street, San Francisco, California 94104; Adams Harkness & Hill, Inc., 60 State Street, Boston, Massachusetts 02109; or by contacting Elantec's Investor Relations department directly at 1-888-elantec, extension 307.

A registration statement relating to these securities was filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there by any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Offers may be made only by means of a prospectus.