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Exar Announces Preliminary Fiscal 2012 First Quarter Results

FREMONT, Calif. July 18, 2011 $37 million $34 million to $36 million $0.1 million $1.7 million $2.2 million

Pete Rodriguez

The Company’s statements about its future financial performance or operating plans are based on current information and expectations and the Company undertakes no duty to update such statements. These statements are forward-looking and actual results could differ materially due to various risks and uncertainties, some of which are described herein.

July 26, 2011

Safe Harbor Statement

March 27, 2011

Generally Accepted Accounting Principles

http://www.exar.com http://www.sec.gov

About Exar

http://www.exar.com

EXAR CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS

(In millions)

(Unaudited)

JULY 3,

2011

GAAP operating loss

$         (2.2)

  Stock-based compensation

0.9

  Amortization of acquired intangible assets

1.1

  Exit costs

0.3

Non-GAAP operating income

$          0.1

Note:  Exit costs are primarily excess inventory and severance charges in

connection with exiting the 10GbE virtualization market.

SOURCE Exar Corporation

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