Elpida Memory, Inc.
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Elpida Memory Announces Executive Personnel Changes

TOKYO, JAPAN, May 15, 2007 – Elpida Memory, Inc. (Elpida), Japan's leading global supplier of Dynamic Random Access Memory (DRAM), today announced the following executive appointments effective today.

New Appointment (Former titles are shown in parentheses)

Takehiro Fukuda
Chief Administrative Officer (Chief Financial Officer)
– In charge of Administration & Management Office, Investor Relations Group, Market Communication Group

Toshiaki Hagiwara
Chief Financial Officer (Chief Administrative Officer)
– In charge of Finance & Accounting Office, IP & Legal Department

About Elpida Memory, Inc.
Elpida Memory, Inc., (Tokyo Stock Exchange Code 6665), is a leading manufacturer of Dynamic Random Access Memory (DRAM) silicon chips. Our design, manufacturing, and sales operations are backed by our world class technology expertise. Our manufacturing facilities, Hiroshima Elpida Memory, Inc. (front-end processes) and Akita Elpida Memory, Inc. (back-end processes), utilize the most advanced manufacturing technologies available in the industry. Further, we have customer sales and marketing support offices in Japan, North America, Europe, Taiwan, Hong Kong and Singapore. Elpida's portfolio of advanced products features such characteristics as high-density, high-speed, low power and small packing profiles. We provide applications across a wide range of areas, including high-end servers, mobile phones and digital consumer electronics.

Information in this news release is current as of the timing of the release, but may be revised later without notice.

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