ChipMOS REPORTS SECOND QUARTER 2016 RESULTS

About Non-Generally Accepted Accounting Principles ("Non-GAAP") Financial Measures

To supplement the consolidated financial results presented in accordance with International Financial Reporting Standards ("IFRS"), ChipMOS uses non-GAAP free cash flow, non-GAAP earnings before interest, taxes, depreciation and amortization ("EBITDA") and non-GAAP net debt to equity ratio in this press release. The non-GAAP free cash flow represents operating profit plus depreciation, amortization and interest income and less capital expenditures, non-controlling interests, interest expenses, income tax expense and dividend. The non-GAAP EBITDA represents operating profit plus depreciation and amortization. The non-GAAP net debt to equity ratio represents the ratio of net debt, the sum of debt less cash and cash equivalent, divided by equity attributable to equity holders of the Company. These non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently.

The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS.

ChipMOS considers the use of non-GAAP free cash flow, non-GAAP EBITDA and non-GAAP net debt to equity ratio provides useful information to management to manage the Company's business and make financial and operational decisions and also to the investors to understand and evaluate the Company's business and operating performance. For more information on these non-GAAP financial measures, please refer to the table captioned "Reconciliations of Non-GAAP Measures to the Nearest Comparable GAAP Measures" in this press release.

- FINANCIAL TABLES FOLLOW BELOW -

ChipMOS TECHNOLOGIES (Bermuda) LTD.
UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the Three Months Ended Jun. 30, Mar. 31, 2016, and Jun. 30, 2015
Figures in Million of U.S. dollars (USD)⁽¹⁾
Except for Per Share Amounts and Shares Outstanding

	3 months ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015
	USD	USD	USD
Revenue	146.7	146.6	157.3
Cost of revenue	(121.6)	(118.3)	(122.1)
Gross profit	25.1	28.3	35.2

Other operating income	2.7	1.1	0.7
Research and development expenses	(6.7)	(6.2)	(5.2)
Sales and marketing expenses	(0.7)	(0.6)	(0.9)
Administrative and general expenses	(6.7)	(6.6)	(5.7)
Other operating expenses	(0.6)	0.0	(1.0)

Operating profit	13.1	16.0	23.1

Non-operating income (expenses), net	(1.0)	(5.8)	(1.8)

Profit (loss) before tax	12.1	10.2	21.3

Income tax benefit (expense)	(4.6)	(3.2)	(11.2)

Profit (loss) for the period	7.5	7.0	10.1

Attributable to:
Equity holders of the Company	0.6	2.9	2.2
Non-controlling interests	6.9	4.1	7.9
	7.5	7.0	10.1

Profit (loss) for the period
Other comprehensive income (loss)
Exchange differences on translation of foreign operations	(2.0)	(0.4)	0.4
Total other comprehensive income (loss)	(2.0)	(0.4)	0.4

Total comprehensive income (loss)	5.5	6.6	10.5

Attributable to:
Equity holders of the Company	(0.6)	2.7	2.4
Non-controlling interests	6.1	3.9	8.1
	5.5	6.6	10.5

Earnings (loss) per share attributable to the Company - basic	0.02	0.10	0.08
Weighted average shares outstanding (in thousands) - basic	27,328	27,305	28,512
Net income (loss) attributable to the Company - diluted	0.6	2.9	2.2
Earnings (loss) per share attributable to the Company -diluted	0.02	0.10	0.08
Weighted average shares outstanding (in thousands) - diluted	27,583	27,579	29,059

Note: (1) All U.S. dollar figures in this release are based on the exchange rate of NT$32.22 against US$1.00 as of Jun. 30, 2016. 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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