SOURCE: Netlist, Inc.

November 30, 2006 01:00 ET

Netlist, Inc. Prices Initial Public Offering

IRVINE, CA -- (MARKET WIRE) -- November 30, 2006 -- Netlist, Inc. (NASDAQ: NLST) today announced the pricing of the initial public offering of its common stock. Netlist sold 6,250,000 shares in the offering at a price of $7.00 per share. Certain selling stockholders have granted the underwriters the right to purchase up to 937,500 shares of Netlist's common stock from the selling stockholders at the initial public offering price solely to cover over-allotments. Netlist's common stock will be listed on the NASDAQ Global Market under the symbol "NLST."

Thomas Weisel Partners LLC acted as sole bookrunning manager for the offering. Needham & Company, LLC and WR Hambrecht + Co acted as co-managers. A copy of the final prospectus relating to the offering may be obtained by contacting Thomas Weisel Partners LLC by mail at One Montgomery Street, San Francisco, CA 94104, or by telephone at (415) 364-2720.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

About Netlist

Netlist, Inc. designs and manufactures high performance memory subsystems for the server, high performance computing and communications markets. The company's memory subsystems are developed for applications in which memory plays a key role in enabling overall system performance. These applications include tower servers, rack-mounted servers, blade servers, high performance computing clusters, engineering workstations and telecommunication switches. Netlist is headquartered in Irvine, California.

Contact Information

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    Netlist, Inc.
    Lee Kim
    Chief Financial Officer
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