Freescale Announces Pricing of Senior Secured Notes Offering

The closing of the private offering is expected to occur on May 21, 2013, subject to customary closing conditions.

Freescale intends to use the net proceeds from the offering of the Notes to redeem $442 million principal amount of its outstanding 10 ⅛% Senior Secured Notes due 2018 in accordance with the indenture governing those notes, and to pay the related premium and fees. The foregoing does not constitute a notice of redemption for any outstanding notes. The purposes of the offering and the application of the proceeds are to extend a portion of Freescale’s debt maturities from 2018 to 2021 and to reduce interest expense. Freescale’s annualized cash interest expense savings after giving effect to the offering and the application of the net proceeds is expected to be approximately $20 million.

The Notes will not be registered under the Securities Act of 1933, as amended (the Securities Act), or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The Notes will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of 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.

Cautionary Note Regarding Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the closing of the Notes offering, the anticipated issuance of the Notes by Freescale and other statements that are not historical fact. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors. Some of these factors include market conditions, customary closing conditions and such other risk factors as may be discussed in Freescale Semiconductor, Ltd.’s filings with the Securities and Exchange Commission. We undertake no obligation to update any information contained in this press release.