ChipMOS REPORTS FIRST QUARTER 2015 RESULTS

Condensed consolidated statements of cash flows	Period ended Mar. 31, 2015	Period ended Mar. 31, 2014
	US$ million	US$ million
Net cash generated from (used in) operating activities	66.2	45.4
Net cash generated from (used in) investing activities	(58.5)	(34.8)
Net cash generated from (used in) financing activities	22.0	(44.7)
Net increase (decrease) in cash and cash equivalents	29.7	(34.1)
Effect of exchange rate changes on cash	0.1	0.0
Cash and cash equivalents at beginning of period	488.6	428.1
Cash and cash equivalents at end of period	518.4	394.0

Second Quarter 2015 Outlook

The Company expects second quarter of 2015 revenue to be flat to down in the low single digits as compared to the first quarter of 2015. The Company expects gross margin on a consolidated basis to be in the range of approximately 20% to 24% for the second quarter of 2015. The Company anticipates depreciation and amortization expenses for the second quarter of 2015 to be approximately US$24 million. Operating expenses are expected to be approximately 6% to 8% of revenues in the second quarter of 2015. The Company expects CapEx spending to be approximately US$28 million in the second quarter of 2015, with CapEx spending for the full year 2015 to be less than US$125 million. The total number of the Company's outstanding common shares at the end of the second quarter of 2015 is expected to be approximately 29 million.

Investor Conference Call / Webcast Details

ChipMOS will review detailed first quarter 2015 results on Monday, May 11, 2015 at 7:00 PM Eastern Time (7:00 AM Taiwan time, Tuesday, May 12, 2015). The conference call-in number is +1-201-689-8562. A live webcast of the conference call will be available at ChipMOS' website at http://www.chipmos.com. The playback is scheduled to be available in 2 hours after the conclusion of the conference call and will be accessible by dialing +1-858-384-5517, with confirmation ID number 13606725.

About ChipMOS TECHNOLOGIES (Bermuda) LTD.:

ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (NASDAQ: IMOS) ( http://www.chipmos.com) is an industry leading provider of semiconductor assembly and test services. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. The Company's majority-owned subsidiary, ChipMOS Taiwan, is listed on TWSE under Stock Ticker 8150.

Forward-Looking Statements

Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.

- FINANCIAL TABLES FOLLOW BELOW -

ChipMOS TECHNOLOGIES (Bermuda) LTD.
UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the Three Months Ended Mar. 31, 2015, Dec. 31, and Mar. 31, 2014
Figures in Million of U.S. dollars (USD)⁽¹⁾
Except for Per Share Amounts and Shares Outstanding

	3 months ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
	USD	USD	USD
Revenue	167.0	185.5	159.7
Cost of revenue	(128.2)	(138.8)	(128.1)
Gross profit	38.8	46.7	31.6

Other operating income	0.8	3.1	0.6
Research and development expenses	(5.5)	(5.6)	(5.5)
Sales and marketing expenses	(0.8)	(0.7)	(0.9)
Administrative and general expenses	(5.5)	(6.3)	(5.6)
Other operating expenses	0.0	(0.0)	(0.5)

Operating profit	27.8	37.2	19.7

Non-operating income (expenses), net	(1.0)	5.3	3.8

Profit (loss) before tax	26.8	42.5	23.5

Income tax benefit (expense)	(4.9)	(10.3)	(8.3)

Profit (loss) for the year	21.9	32.2	15.2

Attributable to:
Equity holders of the Company	12.1	18.8	10.6
Non-controlling interests	9.8	13.4	4.6
	21.9	32.2	15.2

Profit (loss) for the year	21.9	32.2	15.2
Other comprehensive income (loss)
Exchange differences on translation of foreign operations	(0.2)	0.8	0.1
Net actuarial losses	-	(0.5)	-
Income tax effect	-	0.1	-
Total other comprehensive income (loss)	(0.2)	0.4	0.1

Total comprehensive income (loss)	21.7	32.6	15.3

Attributable to:
Equity holders of the Company	12.0	19.0	10.6
Non-controlling interests	9.7	13.6	4.7
	21.7	32.6	15.3

Earnings (loss) per share attributable to the Company - basic	0.42	0.65	0.36
Shares outstanding (in thousands) - basic	28,549	29,003	29,727
Net income (loss) attributable to the Company - diluted	12.1	18.8	10.6
Earnings (loss) per share attributable to the Company - diluted	0.42	0.64	0.35
Shares outstanding (in thousands) - diluted	29,125	29,627	30,467

Note: (1) All U.S. dollar figures in this release are based on the exchange rate of NT$31.24 against US$1.00 as of Mar. 31, 2015. The convenience translation should not be construed as representations that the NT dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate.

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