Chartered Reports Fourth Quarter and Year 2007 Results

                   Breakdown by Technology (micron)

Revenues including Chartered's share of SMP (Percentage of Total)

                             4Q 2006  1Q 2007 2Q 2007 3Q 2007 4Q 2007
---------------------------- -------- ------- ------- ------- --------
    0.065 and below                 -       -      6%     12%      13%
---------------------------- -------- ------- ------- ------- --------
    Up to 0.09                    34%     27%     11%      6%       4%
---------------------------- -------- ------- ------- ------- --------
    Up to 0.13                    26%     30%     33%     33%      31%
---------------------------- -------- ------- ------- ------- --------
    Up to 0.15                     1%      1%      1%       -        -
---------------------------- -------- ------- ------- ------- --------
    Up to 0.18                    12%     11%     14%     16%      16%
---------------------------- -------- ------- ------- ------- --------
    Up to 0.25                     7%      8%     11%     12%      13%
---------------------------- -------- ------- ------- ------- --------
    Up to 0.35                    12%     14%     14%     13%      14%
---------------------------- -------- ------- ------- ------- --------
    Above 0.35                     8%      9%     10%      8%       9%
---------------------------- -------- ------- ------- ------- --------
        Total                    100%    100%    100%    100%     100%
---------------------------- -------- ------- ------- ------- --------

Top Customers

Chartered had two customers that exceeded 10 percent of revenues (excluding Chartered's share of SMP revenues) in 2007, and in order of revenue significance, these were Broadcom and AMD. Chartered's top five customers accounted for 61 percent of total revenues in 2007, compared with 60 percent in the previous year.

Review and Outlook

"Despite the typical seasonal slowness in the first quarter of the year, we are guiding for sequential revenue growth in the quarter. This is driven primarily by strength in the mobile phone area of the business which is expected to more than offset the weakness in the consumer space. Similar to fourth quarter 2007, utilization of our eight-inch capacity is expected to be higher than the company average and significantly higher than the leading-edge.

"Based on current demand levels from our customers, we are expecting revenues at the Chartered level and revenues including our share of SMP to be approximately up four percent and five percent respectively in the first quarter, compared to fourth quarter 2007. Revenues from 0.13-micron and below technologies, including those from 65nm, are expected to account for approximately 47 percent of our total business base revenues. Revenues from 65nm alone are expected to represent approximately eight percent of our total business base revenues. After comprehending approximately four percent sequential increase in capacity, we expect utilization in the first quarter to be approximately 85 percent. With this outlook, we expect to approximately break even at the bottom line for the first quarter," said Thomas.

The outlook for first quarter 2008 is as follows:

                                 4Q 2007       1Q 2008 Guidance
                                 ------- -----------------------------
                                                            Sequential
                                 Actual  Midpoint and range   change
-------------------------------- ------- ------------------ ----------
Revenues                                                    Up 2% to
                                 $352.6M     $367M, +/- $6M  Up 6%
-------------------------------- ------- ------------------ ----------
Revenues including Chartered's                              Up 3% to
 share of SMP                    $377.8M     $395M, +/- $7M  Up 6%
-------------------------------- ------- ------------------ ----------
ASP (a)                                                     Down 2% to
                                    $899      $865, +/- $20  Down 6%
-------------------------------- ------- ------------------ ----------
ASP including Chartered's share                             Down 1% to
 of SMP (a)                         $889      $859, +/- $25  Down 6%
-------------------------------- ------- ------------------ ----------
Utilization                          81%        85%, +/- 3%          -
-------------------------------- ------- ------------------ ----------
Gross profit (loss)               $60.5M      $66M, +/- $6M          -
-------------------------------- ------- ------------------ ----------
Net income (loss)                  $5.9M       $0M, +/- $5M          -
-------------------------------- ------- ------------------ ----------
Basic earnings  (loss)  per  ADS
  (b)                                                              $0.01  ($0.01),  +/-  $0.02                    -
--------------------------------  -------  ------------------  ----------
(a)  Eight-inch  equivalent  wafers.
(b)  Basic  earnings  (loss)  per  ADS  is  computed  by  deducting  from  net
  income  or  adding  to  net  (loss)  the  accretion  to  redemption  value  of
  the  convertible  redeemable  preference  shares,  projected  to  be
  approximately  $2.5  million  in  first  quarter  2008.

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