ATI Technologies Inc.

ATI Technologies Inc.

March 24, 2005 06:00 ET

ATI Announces Normal Course Issuer Bid


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ATI TECHNOLOGIES INC.

TSX SYMBOL: ATY
NASDAQ SYMBOL: ATYT

MARCH 24, 2005 - 06:00 ET

ATI Announces Normal Course Issuer Bid

MARKHAM, ONTARIO--(CCNMatthews - March 24, 2005) - ATI Technologies Inc.
(TSX:ATY)(NASDAQ:ATYT) today announced that a Notice of Intention to
make a Normal Course Issuer Bid has been filed with, and accepted by,
the Toronto Stock Exchange ("TSX"). Under its normal course issuer bid,
ATI may purchase up to 24,700,000 of its common shares, representing
approximately 10% of the "public float" as of March 17, 2005 (calculated
in accordance with TSX Rules and Policies to be 247,020,093 common
shares). A total of 252,376,396 common shares were issued and
outstanding as of March 17, 2005. ATI will cancel any common shares
purchased pursuant to the normal course issuer bid. The purchases may
commence on Wednesday, March 30, 2005 and will terminate on Wednesday,
March 29, 2006, or on such earlier date as ATI may complete its
purchases pursuant to the Notice of Intention to make a normal course
issuer bid filed with the TSX. Purchases will be made on the open market
by ATI through the facilities of the TSX or the Nasdaq Stock Market Inc.
("NASDAQ"). The purchases will be made by ATI in accordance with TSX
Rules and Policies and Rule 10b-18 of the U.S. Securities Exchange Act
of 1934. The prices that ATI will pay for any purchased common shares
will be the market price of such shares on the TSX or NASDAQ, as the
case may be, at the time of acquisition. ATI will make no purchases of
common shares other than open-market purchases.

ATI believes that its common shares are an attractive investment and
that normal course purchases represent an excellent opportunity to
enhance value for shareholders. ATI's strong cash position allows for
the implementation of the normal course issuer bid without adversely
affecting ATI's other growth opportunities.

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

Other ATI Contacts:

Trevor Campbell, Director, Porter Novelli Canada, at (416) 422-7202 or
trevor.campbell@porternovelli.com

For investor relations support, or to obtain a copy of the Notice of
Intention, please contact:

Janet Craig, Director, Investor Relations, ATI Technologies Inc., at
(905) 882-2631 or janet@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