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Welcome to the Spansion Inc., et al. Chapter 11
Official Creditors' Committee Information Website

UPDATE as of February 5, 2010: Based on discussions to date (and subject to satisfactory documentation of open issues) with the Debtors, the Official Committee of Unsecured Creditors (the "Committee") of Spansion Inc., et al., debtors and debtors in possession (collectively, the "Debtors"), does not currently anticipate objecting to the Debtors' Plan of Reorganization dated December 16, 2009 (the "Plan").

Accordingly, the Committee does not take a position on whether unsecured creditors should vote to accept or reject the Plan.

NOTE: The voting deadline is currently FEBRUARY 8, 2010.

THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF SPANSION INC., et al.

UPDATE as of February 4, 2010: In our update dated January 25, 2010, the Official Committee of Unsecured Creditors (the "Committee") of Spansion Inc., et al., debtors and debtors in possession (collectively, the "Debtors"), advised that Debtors' Plan of Reorganization dated December 16, 2009 (the "Plan") negatively impacts the rights of unsecured creditors, among other things, by providing as part of the recovery to the FRNs a non-prepayable convertible debt instrument (the "Convertible Debt Instrument") that, if exercised, will have a materially dilutive effect upon the equity to be distributed to unsecured creditors and may provide for more than 100% recovery to FRNs.

On February 2, 2010, the Debtors advised the Committee that the financing to refinance the FRNs had been obtained and that the proceeds of such financing were held in escrow awaiting distribution on the effective date of the Plan. This financing will pay the FRNs in full, in cash, and therefore the FRNs will no longer be issued the Convertible Debt Instrument. Accordingly, there is no longer a risk of the FRNs receiving in excess of 100% on their claims against the Debtors, and this obviates the need for the Committee to object to the Plan on such basis.

The Committee continues to negotiate with the Debtors with respect to the other issues identified in the January 25, 2010 update. In light of this ongoing development, we will provide an additional update to this website detailing our recommendations with respect to voting to accept or reject the Plan by no later than Friday, February 5, 2010.

NOTE: The voting deadline is currently FEBRUARY 8, 2010.

At this time, we suggest that the unsecured creditors of the Debtors / Holders of Claims in Plan Classes 5A, 5B and/or 5C not submit their ballots in connection with the Debtors' Plan until you receive our update on February 5, 2010, which will allow unsecured creditors an opportunity to consult this website for an update prior to voting and still have approximately 3 days to cast their ballots before the February 8, 2010 voting deadline. However, unsecured creditors (particularly those located abroad) should take appropriate steps to ensure that their ballots can be sent on Friday, February 5, 2010 and still be received on or before the February 8, 2010 voting deadline.

THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF SPANSION INC., et al.

UPDATE as of January 29, 2010: The Official Committee of Unsecured Creditors (the "Committee") of Spansion Inc., et al., debtors and debtors in possession (collectively, the "Debtors"), continues to negotiate with the Debtors and various other creditor bodies involved in these cases with respect to certain of the terms of the Debtors' Plan of Reorganization dated December 16, 2009 (the "Plan"), as more fully described below in the Committee's update of January 25, 2010. In light of these ongoing negotiations, we will provide an additional update to this website detailing our recommendations with respect to voting to accept or reject the Plan by no later than Thursday, February 4, 2010.

NOTE: The voting deadline has been extended from February 4, 2010 to FEBRUARY 8, 2010.

At this time, we suggest that the unsecured creditors of the Debtors / Holders of Claims in Plan Classes 5A, 5B and/or 5C not submit their ballots in connection with the Debtors' Plan until you receive our update on February 4, 2010, which will allow unsecured creditors an opportunity to consult this website for an update prior to voting and still have approximately 4 days to cast their ballots before the February 8, 2010 voting deadline. However, unsecured creditors (particularly those located abroad) should take appropriate steps to ensure that their ballots can be sent on Thursday, February 4, 2010 and still be received on or before the February 8, 2010 voting deadline.

THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF SPANSION INC., et al.

Important Update For Unsecured Creditors of Spansion Inc., et al. / Holders of Claims in Plan Classes 5A, 5B and/or 5C:

We advised in our letter of December 21, 2009 (the "Letter") (a copy of which is available here) annexed to the Debtors' Solicitation Materials that we would provide an update on any recommendations made in the Letter by today, January 25, 2010. Accordingly, below please find an update with respect to the issues raised in the Letter.

The Official Committee of Unsecured Creditors (the "Committee") of Spansion Inc., et al., debtors and debtors in possession (collectively, the "Debtors"), continues to negotiate with the Debtors and various other creditor bodies involved in these cases with respect to certain of the terms of the Debtors' Plan of Reorganization dated December 16, 2009 (the "Plan"). As stated in the Letter, the Committee and its advisors believe that the Plan negatively impacts the rights of unsecured creditors, among other things, in the following ways:

These issues continue to be negotiated and, in light of such ongoing negotiations, we will provide an additional update to this website detailing our recommendations with respect to voting to accept or reject the Plan by no later than Friday, January 29, 2010. Furthermore, the Debtors reportedly are close to finalizing a refinancing of certain of its secured debt which would obviate the need for the Committee to object to the Plan on the grounds that the FRNs may receive in excess of 100% of their claims under the Plan.

At this time, we suggest that the unsecured creditors of the Debtors / Holders of Claims in Plan Classes 5A, 5B and/or 5C not submit their ballots in connection with the Debtors' Plan until after January 29, 2010, which will allow unsecured creditors an opportunity to consult this website for an update prior to voting and still have approximately six (6) days to cast their ballots before the February 4, 2010 voting deadline. However, unsecured creditors (particularly those located abroad) should take appropriate steps to ensure that their ballots can be sent on Friday, January 29, 2010 and still be received on or before the February 4, 2010 voting deadline.

THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF SPANSION INC., et al.

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