ATI Technologies Inc.

ATI Technologies Inc.

March 29, 2005 12:15 ET

ATI and OSC Reach Settlement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ATI TECHNOLOGIES INC.

TSX SYMBOL: ATY
NASDAQ SYMBOL: ATYT

MARCH 29, 2005 - 12:15 ET

ATI and OSC Reach Settlement

MARKHAM, ONTARIO--(CCNMatthews - March 29, 2005) - Toronto - A panel of
the Ontario Securities Commission (OSC) has approved a settlement
agreement between Staff of the Commission and ATI Technologies Inc.
(TSX:ATY)(NASDAQ:ATYT) relating to allegations that in 2000 the company
did not make timely disclosure of a shortfall in earnings and made a
misleading statement to staff of the OSC in the context of an
investigation by Staff.

Terms of the settlement include an agreement for ATI to pay CDN $900,000
in costs and settlement payments. ATI also agreed to provide a letter of
comfort confirming its practices and procedures related to trading and
corporate governance.

Today the company said in a statement:

"Settlement with the OSC is in the best interests of the company, our
employees and our shareholders. We are pleased to put the matter behind
us and to continue to focus on company operations.

We continue to place trust and confidence in K.Y. Ho, the Chairman of
the company and one of its founders, who is respected in the industry
and the company for his personal integrity and as a pioneer of the PC
graphics industry.

Good corporate governance is important to the company. The latest
evaluation by the Globe and Mail's Report on Business Survey of
Companies on corporate governance placed ATI in the top half of Canadian
companies. The company has also won awards from IR Magazine, including
the Grand Prix for the best overall investor relations in 2004 as voted
on by the investment community."

Full details of the settlement are available on the OSC website:
www.osc.gov.on.ca.

About ATI Technologies

ATI Technologies Inc. is the world leader in the design and manufacture
of innovative 3D graphics and digital media silicon solutions. An
industry pioneer since 1985, ATI is the world's foremost graphics
processing unit (GPU) provider and is dedicated to delivering
leading-edge performance solutions for the full range of PC and Mac
desktop and notebook platforms, workstation, set-top and digital
television, game console and handheld device markets. With 2004 revenues
of US $2 billion, ATI has more than 2,700 employees in the Americas,
Europe and Asia. ATI common shares trade on NASDAQ (ATYT) and the
Toronto Stock Exchange (ATY).

Copyright 2005 ATI Technologies Inc. All rights reserved. ATI and ATI
product and product feature names are trademarks and/or registered
trademarks of ATI Technologies Inc. All other company and product names
are trademarks and/or registered trademarks of their respective owners.
Features, pricing, availability and specifications are subject to change
without notice.

For media or industry analyst support, visit our Web site at
http://www.ati.com

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    ATI Technologies Inc.
    Chris Evenden
    Director, Public Relations
    (905) 882-2629
    cevenden@ati.com
    or
    Other ATI Contacts:
    Porter Novelli Canada
    Trevor Campbell, Director
    (416) 422-7202
    trevor.campbell@porternovelli.com
    or
    For investor relations support, please contact:
    ATI Technologies Inc.
    Janet Craig, Director, Investor Relations
    (905) 882-2600, Ext. 2631
    janet@ati.com