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Agere, LSI Hold M&A Votes

MILPITAS, Calif. -- LSI Logic Corporation (NYSE: LSI - News) today announced the date of a special meeting of its shareholders to approve the proposed merger of LSI and Agere Systems Inc. (NYSE: AGR - News). On December 4, 2006, LSI and Agere announced a definitive merger agreement under which the companies will be combined in an all-stock transaction with an equity value of approximately $4.0 billion. The closing of the transaction is subject to the approval of shareholders from both companies as well as customary closing conditions and regulatory approvals.

The special meeting of LSI shareholders will take place on Thursday, March 29, 2007 at 10:00 a.m. Pacific Standard Time, at LSI corporate headquarters, 1621 Barber Lane, Milpitas, California. At the special meeting, LSI shareholders will vote on a proposal to approve the issuance of new LSI shares in connection with the proposed merger. LSI shareholders of record at the close of business on February 2, 2007 will be entitled to notice of, and to vote at, the LSI special meeting.

In a separate release:

ALLENTOWN, Pa. -- Agere Systems (NYSE: AGR - News) today announced Thursday, March 29, as the date of its 2007 annual meeting of stockholders. At the meeting, stockholders will vote on a proposal related to the previously announced merger between LSI Logic (NYSE: LSI - News) and Agere, among other things.

Further information about the meeting will be contained in a proxy statement that Agere expects to begin mailing to stockholders in mid-February. Agere stockholders of record on February 2, 2007, will be entitled to vote at the stockholder meeting.

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