ASM ASM International N.V.

ASM share buyback update April 27 – 28, 2023

ASM share buyback update April 27 – 28, 2023

Almere, The Netherlands

May 1, 2023, 5:45 p.m. CET

ASM International N.V. (Euronext Amsterdam: ASM) reports the following transactions, conducted under ASM's current share buyback program.

Date Repurchased shares Average price Repurchased value
April 27, 2023 4,340 € 323.03 € 1,401,933
April 28, 2023 4,208 € 326.61 € 1,374,365
Total 8,548 € 324.79 € 2,776,298

These repurchases were made as part of the €100 million share buyback program which started on April 27, 2023. Of the total program, 2.8% has been repurchased. For further details including individual transaction information please visit: .

About ASM International

ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International's common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM's website at

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Contact

Investor and media relations

Victor Bareño

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ASM International/High visibility, high reward/BUY

ASM International is mostly exposed to secular technological shifts, which makes it relatively resilient to the ongoing downcycle. In our view, its key drivers are the shift to GAA, shrinkage and the use of new materials. We expect all of these to remain strong and, as such, ASM should continue to strongly outperform the sector. We reiterate our BUY rating but lower our target price to €650 (from €750) following lower near-term estimates. ASM International is on the ING Benelux Favourites list.

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