“Bashas’ is so pleased with our decision to install Cree LED lights, it is now the standard for new and retrofit stores,” Murphy continued. “Not only do they offer energy and maintenance savings, but they produce beautiful, long-lasting lighting that make the store’s products pop.”*Based on commercial usage of 18 hours per-day and the national average of $0.11 per kWh electric costs, lighting-related HVAC impact and relamp maintenance reductions. About Cree Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, mercury-free LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting and semiconductor products for power and radio-frequency (RF) applications. Cree's product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree ® products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and solar inverters. For additional product and company information, please refer to www.cree.com/lighting. This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk that actual savings will vary from expectations; customer acceptance of LED products; the rapid development of new technology and competing products that may impair demand or render Cree’s products obsolete; and other factors discussed in Cree’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 24, 2012, and subsequent filings. Cree ®, Cree TrueWhite ®, and TrueWhite ® are registered trademarks, and CS18™, CR24™, LR6™ and LE6™ are trademarks of Cree, Inc. Bashas’ is a trademark of Bashas’ Inc.