CHARTERED SEMICONDUCTOR MANUFACTURING LTD AND SUBSIDIARIES
      UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                     (In thousands of US Dollars)


                                            Determined in accordance
                                                   with US GAAP

                                            For The Three Months Ended
                                            --------------------------

                                             March 31,      March 31,
                                               2006           2007
                                            ------------   -----------
CASH FLOWS FROM OPERATING ACTIVITIES

Net income                                   $   21,975     $   5,339
Adjustments to reconcile net income to net
 cash provided by operating activities:
  Equity in income of SMP                       (10,170)       (5,278)
  Cash dividends received from SMP               10,513         8,376
  Depreciation and amortization                 131,605       119,301
  Foreign exchange loss, net                       (529)         (578)
  Gain on disposal of property, plant and
   equipment                                     (3,951)         (642)
  Others, net                                     9,860         2,646
Changes in assets and liabilities:
  Receivables                                   (12,498)       26,617
  Inventories                                   (20,278)      (13,311)
  Other current assets                           (2,886)       (3,623)
  Payables and other liabilities                  1,388       (13,588)
                                            ------------   -----------
Net cash provided by operating activities       125,029       125,259
                                            ------------   -----------

CASH FLOWS FROM INVESTING ACTIVITIES

Payments for property, plant and equipment      (65,683)     (286,787)
Payments for technology licenses                 (4,425)       (3,015)
Refundable deposits placed with a vendor        (15,000)            -
Refund of deposits placed with a vendor          35,000             -
Proceeds from sale of property, plant and
 equipment                                        8,586         4,551
Return of capital from SMP                        4,133         4,900
Others                                             (558)       (1,196)
                                            ------------   -----------
Net cash used in investing activities           (37,947)     (281,547)
                                            ------------   -----------

CASH FLOWS FROM FINANCING ACTIVITIES

Debt
  Repayments                                    (82,691)      (36,750)
Capital lease payments                           (1,409)         (980)
Receipts of refundable customer deposits         45,183             -
Refund of customer deposits                     (21,839)      (10,550)
Issuance of ordinary shares                           872                  1,422
(Increase)  decrease  in  cash  restricted  for
  debt  repayment                                                                        (638)                1,663
Others                                                                                        5,752                    (900)
                                                                                        ------------      -----------
Net  cash  used  in  financing  activities                      (54,770)            (46,095)
                                                                                        ------------      -----------

Effect  of  exchange  rate  changes  on  cash  and
  cash  equivalents                                                                      529                  1,847
Net  increase  (decrease)  in  cash  and  cash
  equivalents                                                                          32,841            (200,536)
Cash  and  cash  equivalents  at  the  beginning
  of  the  period                                                                    819,856              718,982
                                                                                        ------------      -----------
Cash  and  cash  equivalents  at  the  end  of  the
  period                                                                            $    852,697          $  518,446
                                                                                        ============      ===========