Nordic Semiconductor

Earnings Release • Feb 12, 2016

Nordic Semiconductor ASA's Fourth Quarter 2015 Results

Nordic Semiconductor ASA's Fourth Quarter 2015 Results

Nordic Semiconductor ASA Reported Fourth Quarter 2015

revenues of MUSD 46.5 and EBIT of MUSD 10.8, compared

to revenues of MUSD 45.2 and EBIT of MUSD 5.5 in Q4

2014. Nordic has during Q4 2015 transferred all

employees that were on a defined benefit plan to a

defined contribution plan. This resulted in a non-

recurring income (de-recognition of pension

liabilities) of MUSD 7 reported in Q4 2015. Excluding

this one-time income, Q4 2015 EBIT was MUSD 3.8.

Bluetooth Smart sales grew to MUSD 28.7 (61.7% of Q4

2015 Revenues), compared to MUSD 22.9 (50.7% of Q4

2014 Revenues). Before tax profits were MUSD 10.3,

compared to MUSD 6.8 in Q4 2014.

Basic and diluted EPS from total operations was USD

0.039, compared to USD 0.037 in Q4 2014.

Past period adjustment on inventory valuation impacted

historical gross profits. Further explained in Note 5

of the Quarter Report.

"2015 marks the second consecutive year of annual

growth for Nordic. We deliver a 76.3% year over year

increase in Bluetooth Smart sales- a great achievement

which highlights the growth potential of our company."

says Svenn-Tore Larsen, CEO of Nordic Semiconductor

ASA.

For more information, please see the attached Fourth

Quarter 2015 report.

Quarterly Presentation

On the release day, Svenn-Tore Larsen, CEO of Nordic

Semiconductor will give a presentation together with

the CFO. The presentation will take place at 08:00

a.m. CET at Thon Hotel Vika Atrium Munkedamsveien 45,

0250 Oslo, Norway.

There will be a live webcast from the presentation

which can be accessed from: www.nordicsemi.no. The

presentation will be held in English. A recorded

version of the presentation will also be available

after the broadcast has concluded.

For further information, please contact:

Pål Elstad, CFO

Nordic Semiconductor ASA

Phone: +47 991 66 293

Email: pal.elstad@nordicsemi.no

About Nordic Semiconductor

Nordic Semiconductor has been a pioneer in the field

of ultra-low power wireless solutions since 2002, and

was one of the founding members of the Nokia

initiative which created the Bluetooth Smart standard.

Today, Nordic Semiconductor is by far the market

leader within the ultra-low power wireless segment.

Nordic Semiconductor (NOD) is a public company listed

on the Oslo stock exchange in Norway.

For more information go to www.nordicsemi.no

This information is subject of the disclosure

requirements acc. to §5-12 vphl (Norwegian Securities

Trading Act)