Notice Regarding Authorization of Acquisition of Own Shares Up to Prescribed Limit

Acquisition of Own Shares Pursuant to Articles of Incorporation under
the Provision of Article 165, Paragraph 2 of Companies Act of Japan

TOKYO–(BUSINESS WIRE)–Renesas Electronics Corporation (TSE:6723, “Renesas”), a premier
supplier of advanced semiconductor solutions, today announced that it
has resolved at the Meeting of Board of Directors held on March 25, 2019
to authorize an acquisition of own shares up to a prescribed limit
pursuant to the Article 156 of the Corporate Law of Japan as applied
pursuant to Article 165, §3 of the same.

1. Reasons for acquisition of own shares

To enhance shareholder returns and capital efficiency and to carry out
flexible financial operation in response to changes in the business
environment.

2. Details of acquisition

(1) Type of shares to be acquired: Common stock of Renesas

(2) Total number of shares that may be acquired: Up to 20,000,000 shares

(1.20* percent of the total number of shares issued, excluding treasury
stock)

*The figure is rounded to two decimal places.

(3) Total amount of purchase price: Up to 10 billion yen

(4) Period for share acquisition: From March 26, 2019 to March 25, 2020
(one year)

(Reference) Treasury stock held by Renesas as of December 31, 2018

Total number of shares issued (excluding treasury stock): 1,668,385,390
shares

Number of treasury stock: 2,581 shares

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE:
6723
) delivers trusted embedded design innovation with complete
semiconductor solutions that enable billions of connected, intelligent
devices to enhance the way people work and live. A global
leader in microcontrollers, analog, power, and SoC products, Renesas
provides comprehensive solutions for a broad range of automotive,
industrial, home electronics, office automation, and information
communication technology applications that help shape a limitless
future. Learn more at renesas.com.

(Remarks) All other names of products or services mentioned in this
press release are trademarks or registered trademarks of their
respective owners.

Contacts

Media Contacts
Kyoko Okamoto
Renesas Electronics
Corporation
+81 3-6773-3001
pr@renesas.com

Investor Contacts
Hirokazu Kato
Renesas Electronics
Corporation
+81 3-6773-3002
ir@renesas.com