content_image/170176.jpg content_image/170184.jpg
## Dialog Semiconductor shares in 2012 

## Dialog continues to expand its investor base, gaining the confidence of the market, both in Europe and the US, and attracting new long-term oriented institutional Shareholders. 

## Share price development 

The following graphs chart the cumulative Shareholder return of the Company for the past 12 months and for the past five years, compared with selected technical benchmark indices – Germany’s TecDAX index – which Dialog itself entered in September 2009 and the Philadelphia SE Semiconductor index (“SOX”). 

In 2012, Dialog’s share price opened at €12.58 and reached a high of €18.74 on 26 March. During the second half of 2012 the continuing macro concerns about fiscal consolidation and low growth in Europe and the US brought additional instability to the financial markets. The share price trended down, tracking some of our most immediate peers and closing the year at €13.30 on 31 December. 

As can be seen from the graph below, which shows the percentage movement in share price during the year, in 2012 Dialog’s share price performance followed a similar trend to that of TecDAX and SOX for most of the year. The stock underperformed the TecDAX and its peer group during the last two months of the year, seeing some recovery in the first few days of the New Year 2013. In the last three years, 2010–2012, Dialog has continued to show remarkable growth, outperforming TecDAX and SOX by approximately 700%. During these years the share price grew by around 75%. 

<img src='content_image/170176.jpg'>

Note: Peer group Index constituents: Wolfson Microelectronics Plc, Texas Instruments Inc., STMicroelectronics NV, Skyworks Solutions Inc., Nordic Semiconductor ASA, Microsemi Corp., Micrel Inc., Melexis NV, MaxLinear, Inc., Maxim Integrated Products Inc., Linear Technology Corp., Intersil Corporation, Infineon Technologies, CSR plc, Cirrus Logic Inc., Broadcom Corp., austriamicrosystems AG, Aixtron SE. 

<img src='content_image/170184.jpg'>

