STMicroelectronics Announces Completion of $500 Million Medium-Term Committed Credit-Facilities...

STMicroelectronics Announces Completion of $500 Million Medium-Term Committed
Credit-Facilities Program

GENEVA, March 30 /PRNewswire-FirstCall/ -- As part of its ongoing efforts to
improve liquidity and financial flexibility, STMicroelectronics (NYSE: STM)
today announced the completion of its $500 million medium-term committed
credit-facilities program.

The $500 million of credit facilities have been provided on a bilateral basis
by Intesa-San Paolo, Societe Generale, Citibank, Centrobanca (UBI Group) and
Unicredit. The loan agreements have been executed between October 2008 and
March 2009 with commitments from the banks for up to 3 years. ST does not
currently envisage any utilization of these credit facilities, which have been
set up for liquidity purposes to strengthen the Company's financial
flexibility.

Carlo Ferro, Executive Vice President and CFO commented "In this challenging
market environment, the completion of the Credit Facilities program represents
a strong endorsement of ST's solid credit profile as well as a sign of
vitality of the debt capital market towards leading corporations. Although we
have no plan to draw from the new facilities, we are happy to have secured
this financial flexibility in advance of any specific need, as liquidity is a
key ingredient supporting ST's business strategy."

Some of the statements contained in this release that are not historical facts
are statements of future expectations and other forward-looking statements
(within the meaning of Section 27A of the Securities Act of 1933 or Section
21E of the Securities Exchange Act of 1934, each as amended) based on
management's current views and assumptions and involve known and unknown risks
and uncertainties that could cause actual results, performance or events to
differ materially from those in such statements. Such forward-looking
statements can be identified by the use of forward-looking terminology such as
"believes," "may," "will," "should," "would be" or "anticipates" or similar
expressions or the negative thereof or other variations thereof, or by
discussions of strategy, plans or intentions. Some of the risk factors we face
are set forth and are discussed in more detail in "Item 3. Key
Information--Risk Factors" included in our Annual Report on Form 20-F for the
year ended December 31, 2007, as filed with the SEC on March 3, 2008 and in
our Press release dated January 27, 2009 filed with the SEC under form 6-K on
January 28th. Should one or more of these risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual results may vary
materially from those described in this release as anticipated, believed or
expected. We do not intend, and do not assume any obligation, to update any
information or forward-looking statements set forth in this release to reflect
subsequent events or circumstances.

Unfavorable changes in the above or other factors listed under "Risk Factors"
from time to time in our SEC filings, including our Form 20-F, could have a
material adverse effect on our results of operations or financial condition.

About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering
semiconductor solutions across the spectrum of microelectronics applications.
An unrivalled combination of silicon and system expertise, manufacturing
strength, Intellectual Property (IP) portfolio and strategic partners
positions the Company at the forefront of System-on-Chip (SoC) technology and
its products play a key role in enabling today's convergence markets. The
Company's shares are traded on the New York Stock Exchange, on Euronext Paris
and on the Milan Stock Exchange. In 2008, the Company's net revenues were
$9.84 billion. Further information on ST can be found at www.st.com.

SOURCE STMicroelectronics

Media, Maria Grazia Prestini, +41-22-929-6945, mariagrazia.prestini@st.com, or
investors, Tait Sorensen, +1-602-485-2064, tait.sorensen@st.com, both of
STMicroelectronics