December 22, 2010 Dear Valued Customers: We are excited to inform you today of a major acquisition that we believe will be of significant importance to you, our valued customer. Knowles is announcing its intent to acquire Sound Solutions, a division of NXP Semiconductors. Headquartered in Vienna, Austria, Sound Solutions is a global market and technology leader in the categories of dynamic speakers and receivers for mobile electronics, and have had this position within the market for over a decade. Knowles, based in the Chicago area, USA, is one of the world’s leading manufacturers of technologically advanced micro-acoustics solutions, including components to the global hearing aid industry and MEMS surface mount microphones to major cell phone brands and consumer electronic devices. Since 2005, Knowles is part of Dover Corporation, a global manufacturer of industrial products. With over 80 years of experience in the acoustics industry, Sound Solutions is an ideal complement to Knowles. Combining these two businesses will broaden the Knowles product portfolio and create substantial opportunities for you and for us. The combined company will represent one of the premier mobile acoustics designers and producers in the world with the capability of providing you with a total audio solution. We will now be able to enhance the user experience by offering our customers microphones, speakers and receivers, and serve as the “one-stop” acoustics shopping solution. We expect the transaction to be completed in early 2011. We are committed to being your acoustic solutions provider to ensure you have access to the best technology and service. By providing you our expanded product offerings, we believe we will deliver superior value to you, and you in turn will be better positioned to serve the needs of your customers. We look forward to the continuation of our relationship, and you have our commitment that we will strive to exceed your expectations as we work diligently every day to earn your business. Should you need additional information, please visit: www.knowles.com/sound. Happy Holidays and best wishes. Sincerely, Jeffrey Niew Ernst Müllner President and CEO SVP and General Manager
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