FOUNTAIN INN, SC – Kyocera completed its previously announced acquisition of AVX, following the completion of Kyocera’s tender offer to purchase all outstanding shares of AVX common stock that it did not already own.

As of the expiration of the tender offer, a total of 31.8 million shares of AVX common stock were validly tendered and not validly withdrawn pursuant to the tender offer, representing approximately 67% of the outstanding shares of AVX common stock not already owned by Kyocera.

All shares of AVX common stock that were validly tendered and not validly withdrawn have been accepted by Kyocera for payment in accordance with the terms of the tender offer.

Each remaining share of AVX common stock not purchased in the tender offer was converted into the right to receive $21.75 in cash, net to the seller in cash, without interest and subject to deduction for any required withholding taxes, which is the same amount per share paid in the tender offer.

As a result of the completion of the merger, shares of AVX common stock ceased trading on the New York Stock Exchange prior to market open today and will no longer be listed for trading on the NYSE.