NATIONAL SEMICONDUCTOR CORPORATION
    CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
    (In millions)

                                                 May 31,     May 25,
                                                   2009        2008
                                                   ----        ----
     ASSETS
     Current assets:
       Cash and cash equivalents                  $700.3      $736.8
       Receivables, net                             71.7       137.3
       Inventories                                 134.6       148.6
       Deferred tax assets                          82.2        82.9
       Other current assets                        108.0        66.0
                                                   -----        ----

       Total current assets                      1,096.8     1,171.6

     Net property, plant and equipment             461.8       557.3
     Goodwill                                       61.5        60.5
     Deferred tax assets                           241.9       247.5
     Other assets                                  101.3       112.2
                                                   -----       -----

     Total assets                               $1,963.3    $2,149.1
                                                ========    ========

     LIABILITIES AND SHAREHOLDERS' EQUITY
     Current liabilities:
       Current portion of long-term debt           $62.5       $62.5
       Accounts payable                             40.3        53.5
       Accrued expenses                            144.6       180.3
       Income taxes payable                         28.2        12.3
                                                    ----        ----

       Total current liabilities                   275.6       308.6

     Long-term debt                              1,227.4     1,414.8
     Long-term income taxes payable                162.6       143.4
     Other non-current liabilities                 120.7        85.4
                                                   -----        ----

       Total liabilities                         1,786.3     1,952.2
                                                 -------     -------

     Commitments and contingencies

     Shareholders' equity:
       Common stock of $0.50 par value             116.3       116.3
       Additional paid-in-capital                   67.6           -
       Retained earnings                           116.8       167.4
       Accumulated other comprehensive loss       (123.7)        (86.8)
                                                                                                    ------              -----

              Total  shareholders'  equity                                    177.0              196.9
                                                                                                      -----              -----

          Total  liabilities  and  shareholders'
            equity                                                                        $1,963.3        $2,149.1
                                                                                                ========        ========