Tender Offer StatementThis release does not constitute an offer to buy or the solicitation of an offer to sell ordinary shares of UTStarcom. The full details of the tender offer, including complete instructions on how to tender shares, are included in the offer to purchase, the letter of transmittal and related materials, which are being mailed to shareholders. Shareholders and investors should read carefully the offer to purchase, letter of transmittal and related materials because they will contain important information, including the various terms of, and conditions to, the tender offer. Shareholders and investors may obtain a free copy of the tender offer statement on Schedule TO, the offer to purchase, letter of transmittal and other documents that UTStarcom intends to file with the Securities and Exchange Commission at the Commission's website at www.sec.gov or by calling Alliance Advisors LLC, UTStarcom's information agent for the tender offer at (877) 777-5603 (toll free). Shareholders are urged to carefully read these materials prior to making any decision with respect to the tender offer. SOURCE UTStarcom, Inc.