For Reference Purpose Only

To Holders of Convertible Bonds (Bonds with Stock Acquisition Rights):

Notice to Holders of Convertible Bonds (Bonds with Stock Acquisition Rights, tenkan shasaigata shinkabu yoyakuken-tsuki shasai)

March 23, 2012

Please be advised that notices pursuant to the article 43, paragraph 3 and article 85, paragraph 4 of the Corporate Reorganization Act were issued by the Tokyo District Court upon the issuance of the order to commence corporate reorganization proceedings of our company dated March 23, 2012.

Yours faithfully,

Yukio Sakamoto, Nobuaki Kobayashi

Trustees of Elpida Memory, Inc., as the Reorganizing Company

[Translation]

Case No.: Heisei 24 (Mi) No. 1 Corporate Reorganization Case
Reorganizing Company: Elpida Memory, Inc.
(2-1 Yaesu 2-chome, Chuo-ku, Tokyo)
To Creditors,
March 23, 2012
The 8th Civil Division of the Tokyo District Court
Risa Nomura, Court Clerk

NOTICE

With respect to the case first above written, since our court commenced the corporate reorganization proceedings under the Corporate Reorganization Act at 5 p.m. on March
23, 2012, we hereby notify thereof pursuant to the provisions of Article 43, Paragraph 3 and Article 85, Paragraph 4 of the same act.
1. Main text of the Order to Commence Reorganization Proceedings
Corporate reorganization proceedings are to be commenced with respect to Elpida
Memory, Inc.
2. Name of the Trustees
Nobuaki Kobayashi, Attorney-at-law, and
Yukio Sakam oto
3. Period during which Proofs of Reorganization Claims, etc., should be filed
By May 21, 2012
4. Period to examine Proofs of Reorganization Claims, etc.
From June 26, 2012 to July 3, 2012
5. Period during which the Reorganizing Company, Reorganization Creditors, Shareholders, Labor Union, etc., may submit their Opinion with respect to the Appointment of the Trustees
By April 20, 2012
6. The voting rights held by any reorganization creditor or secured reorganization
creditor relating to the following bonds issued by the reorganizing company may not be exercised unless a bondholder has made the filing of its reorganization
claims or secured reorganization claims with respect to such bonds, or the
reorganizing company has received a notice of change of the name of the creditors, or unless the bond administrator, etc., defined in Article 43, Paragraph 1, Item 5 of the Corporate Reorganization Act, which filed its reorganization claims or secured
reorganization claims, has informed to the court to the effect that a bondholder has
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[Translation]

an intention to exercise its voting right relating to such bonds prior to the
confirmation of the proposed reorganization plan, or the reorganizing company has received a notice of change of the name of such bondholder.