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TheStreet Open House

Micron Announces Pricing Of Convertible Senior Notes Offerings

The aggregate net proceeds to Micron from the offering of the 2033 Notes will be approximately $ 525 million, exclusive of any proceeds attributable to the initial purchasers' possible exercise of their over-allotment options. Micron will use the net proceeds of the offering to finance the repurchase, redemption or repayment of a portion of Micron's 1.875% Convertible Senior Notes due 2014 (the "2014 Notes"), including $477 million of such net proceeds that will be used to purchase 2014 Notes concurrently with the offering. Pending such use, Micron intends to invest the net proceeds of the offering in accordance with its existing investment policy.

This announcement is neither an offer to sell nor a solicitation to buy any of the foregoing securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The securities will not be registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws.

The Micron Technology, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6950

CONTACT: Daniel Francisco
         Micron Media Relations
         dfrancisco@micron.com
         (208) 368-5584

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