Dialog Semiconductor : Recommended Cash Acquisition of Dialog Semiconductor Plc by Renesas Electronics Corporation – Update on Conditions and Timetable

DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ART. 17 OF THE EU MARKET ABUSE REGULATION (EU 596/2014, MAR)

Key Word(s): Takeover Offer,

Recommended Cash Acquisition of Dialog Semiconductor Plc by Renesas Electronics Corporation - Update on Conditions and Timetable

London, 16 August 2021 - Dialog Semiconductor Plc ("Dialog" or the "Company") is pleased to announce that, as of today, the Taiwan Fair Trade Commission has waived its jurisdiction to review the recommended cash acquisition by Renesas Electronics Corporation of the entire issued and to be issued share capital of Dialog (the "Acquisition").

Accordingly, and following prior receipt of applicable anti-trust and/or foreign investment clearances, no further anti-trust and/or foreign investment clearances are expected to be required in order for the Acquisition to complete.

The Acquisition will be implemented by means of a scheme of arrangement under Part 26 of the Companies Act (the "Scheme"), which was contained in a document published on 8 March 2021 (the "Scheme Document").

The Scheme remains subject to the satisfaction or (if capable of waiver) waiver of certain remaining conditions set out in the Scheme Document, including the Court's sanction of the Scheme at the Court Sanction Hearing and the delivery of the Court Order to the Registrar of Companies. It is expected that the Scheme will become effective in accordance with its terms after 6.30 p.m. on 30 August 2021.

The current expected timetable of principal events for the implementation of the Scheme is set out below.

Event	Time and/or date
Court Sanction Hearing.........................	27 August 2021
Last day for dealings in, and for registration	30 August 2021
of transfers of, Dialog Shares.................
Scheme Record Time.............................	6.30 p.m. on 30 August
	2021
Effective Date.................................	after 6.30 p.m. on 30
	August 2021
Suspension of trading in Dialog Shares on the	prior to commencement
Frankfurt Stock Exchange ("FSE")...............	of trading hours on
	the FSE on 31 August
	2021
Termination of trading in Dialog Shares on the	after the end of
FSE............................................	trading hours on the
	FSE on 31 August 2021
Cancellation of listing of Dialog Shares on the	in due course after
FSE............................................	termination of trading
	in Dialog Shares

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Draft Linklaters LLP/04/08/2021

Record date for payments in respect of	6.00 p.m. (Frankfurt
Clearstream Interests..........................	time) on 2 September
	2021
Latest date for despatch of electronic payments	Not later than 13
through Clearstream (and, if relevant, cheques)	September 2021
for cash consideration due under the Scheme....
Long Stop Date.................................	21 January 2022

The dates and times given are indicative only and are based on current expectations and are subject to change. References to times are to London, United Kingdom time unless otherwise stated. If any of the times and/or dates above change, the revised times and/or dates will be announced by the Company.

Further details will be announced by the Company as soon as practicable

and will be made available in due course on Dialog's website at https://www.dialog-semiconductor.com/acquisition-microsite.

Contact:

Dialog Semiconductor Plc

Investor Relations

Mark Tyndall

phone: [phone]

e-mail: [e-mail]

Jose Cano

phone: [phone]

e-mail: [e-mail]

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