Eminence Capital Is Disappointed with ASMI's Recent Transaction Regarding ASMPT

NEW YORK, April 25, 2017 /PRNewswire/ -- Eminence Capital, LP, which owns 9.6% of the outstanding voting shares of ASM International N.V. (Euronext Amsterdam: ASM) (the "Company" or "ASMI") and has been an ASMI shareholder for more than three years, today issued the following statement regarding the recent sale of approximately 5% of ASM Pacific Technology Ltd. ("ASMPT"):

"Eminence Capital believes the sale by ASM International ("ASMI") of approximately 5% of its ASM Pacific Technology Ltd. ("ASMPT") stake is a small step in the right direction.  We are happy that the Management Board agrees with us that reducing its economic exposure to ASMPT at current trading levels is the right decision for shareholders, but much more needs to be done.  There are a number of reasons that the sale of 5% of the company's ASMPT stake is wholly inadequate:

• After reducing economic exposure to ASMPT through the partial sale, the proposed stock buyback will have the opposite effect of increasing ASMI's exposure to ASMPT.

 We look forward to presenting our views more fully at the upcoming ASMI AGM."

Eminence released a presentation on April 20^th highlighting how all ASMI shareholders, as well as the Company, would benefit from the divestiture of ASMPT.  The Eminence presentation can be found at www.ASMIvaluecreation.com.

About Eminence Capital, LP
Eminence Capital, LP is a global asset management firm founded in 1999 that currently manages approximately $6.5 billion on behalf of institutions and individuals. The firm employs a bottom-up, research-driven investment strategy that utilizes a combination of industry research, rigorous financial analysis and dialog with company management to execute its investment process.

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SOURCE Eminence Capital, LP