Mindspeed Reports Inducement Equity Grant to Company`s New Chief Financial Officer, Stephen N. Ananias

Mindspeed Reports Inducement Equity Grant to Company’s New Chief Financial Officer, Stephen N. Ananias

Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that on November 4, 2011, the compensation and management development committee of its board of directors granted Stephen N. Ananias, Mindspeed's new senior vice president, chief financial officer, principal financial officer and principal accounting officer, an award of 100,000 shares of restricted stock. The restricted stock grant will vest 8.33% each three months following the grant date over a period of three years.

Mindspeed's compensation and management development committee, which is solely comprised of independent directors, approved the grant of restricted stock pursuant to a stand-alone restricted stock agreement and in accordance with NASDAQ Listing Rule 4350(i)(1)(iv).

About Mindspeed Technologies

Mindspeed Technologies (NASDAQ: MSPD) is a leading provider of network infrastructure semiconductor solutions to the communications industry. The company’s low-power system-on-chip (SoC) products are helping to drive video, voice and data applications to in worldwide fiber-optic networks and enable advanced processing for 3G and long-term evolution (LTE) mobile networks. The company’s high-performance analog products are used in a variety of optical, enterprise, industrial and video transport systems. Mindspeed’s products are sold to original equipment manufacturers (OEMs) around the globe.

To learn more, please visit www.mindspeed.com. Company news and updates are also posted at www.twitter.com/mindspeed.

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