Marvell Reports Stock Split Authorization

July 21, 2004 by Jeff Shepard

Marvell Semiconductor Inc. (Sunnyvale, CA), a semiconductor provider of broadband communications and storage solutions and a subsidiary of Marvell Technology Group Ltd., announced at its May 28, 2004, Annual General Meeting that its shareholders approved an increase in the company’s authorized capital in order to allow a two-for-one stock split of the company’s common stock to be paid in the form of a 100% stock dividend.

The stock split was previously approved by Marvell’s Board of Directors on February 25, 2004, and was subject to shareholder approval of an increase in the company’s authorized share capital. Stock certificates representing one additional share for each share held will be delivered on or about June 28, 2004, to all shareholders of record at the close of business on June 14, 2004.